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Barnstorming

30 March 2006
Issue: 4051 / Categories: Forum & Feedback

We have recently taken over the tax affairs of an agricultural client who has diversified in an interesting manner. One significant storage barn has been converted into self-storage units for a separate activity allowing members of the public or businesses to store materials for short or long periods. A separate limited company has been formed to deal with the capital costs involved and the 'trade' for the future.
Our client's advertising material offers the following.

We have recently taken over the tax affairs of an agricultural client who has diversified in an interesting manner. One significant storage barn has been converted into self-storage units for a separate activity allowing members of the public or businesses to store materials for short or long periods. A separate limited company has been formed to deal with the capital costs involved and the 'trade' for the future.
Our client's advertising material offers the following.

  1. Clean dry purpose-built steel rooms in various sizes.
  2. Fully alarmed premises — 24-hour security and CCTV.
  3. A temperature and humidity-controlled environment.
  4. Storage for as long or short as the customer requires.
  5. Customers store lock and hold the keys.

Our simple point is whether or not a trade activity exists. The point of clarity is required...

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