Nadia Rayner
Joined: 4/30/2024
-
CT600 For Property Rental Business
Hello I've recently taken over the accounts of a small Ltd Company who has 2 rental properties (no other trade). The previous accountants were including the income as turnover (box 145) on the CT600 however my understanding is that the income should go in Box 190 (Income from a Property Business). The issue I'm having is the software I'm using doesn't have a dedicated Property Page so is showing the expenses as a Trading Loss and netting off against the Property Income. The amount of tax looks correct but I would like to know if there are any implications of submitting the figures this way on the CT600. Thanks