We have just realised that trusts or mixed partnerships cannot claim FYA.!!!!
Help we claimed 40% FYA on schedule A income on a trust and calculated the profit using Schedule D rules (which we assumed would classify it a SME).
If the trustees are operating a trade presumably FYA are denied also.
Will this rule also apply to Enhanced Capital allowances i.e. that they only apply to SMEÂ’s
FYA & Trusts
1 post • Page 1 of 1
by despearate den on Thu Jun 01, 2006 1:47 am
- despearate den
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1 post • Page 1 of 1
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