28 January 2014
Allowances transfer
Is it too late to claim capital allowances on properties acquired three years ago?
We act for a UK resident adult who was gifted a portfolio of commercial properties by his uncle in 2011. Since the gift, this individual has declared the rental profit on his tax returns.
We did not act for the uncle who held the properties as investments and declared the rental profit as such on his own returns.
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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
