Recent content by keravon

  1. K

    Income from sub Letting part or Business premises

    I rent the whole premises. Sub let the ground floor. I declare the entire rent for both floors as my main business expense. Then add the rental income form the ground floor as a sale. If i declare the ground floor rent as rental income will the tax rate on that amount be the same as if it was...
  2. K

    Income from sub Letting part or Business premises

    Thanks for your reply. Is there is any financial benefit in declaring it as income from property as opposed to a straight forward sale on the tax return? Thanks Again for your help
  3. K

    Income from sub Letting part or Business premises

    HI All, Someone mentioned to me today that income earned from sub letting part of your business premises does NOT go down as a sale on your tax return. I am a sole trader with a business premises. I sub let part of it and have always declared the rent from this as a sale. Any thoughts...
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