Policy paper

Calculation of profits of property businesses

This measure amends and inserts provisions relating to the calculation of the profits of a property business.

• From: HM Revenue & Customs
• Published: 31 January 2017

Documents

Income Tax: simplified cash basis for unincorporated property businesses

HTML

Draft legislation: calculation of profits of property businesses

PDF, 142 KB, 18 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory note for calculation of profits of property businesses - clause 1 and schedule 1

PDF, 171 KB, 9 pages

Details

This includes, in particular, allowing the use of the cash basis to calculate the profits of a property business, and supporting provisions to outline what is to be recognised as income and what deductions are allowed under the cash basis.

Comments about this legislation should be send by email: [email protected] by 28 February 2017.

Published 31 January 2017