CCH Corporation Tax
Land and Property
This document provides a guide on how to create and manage land and property assets within client records related to UK or foreign property businesses. It details the process of entering property information and income expenses, specifying how the property type impacts loss relief. The document also discusses options for generating different types of reports (Rental income vs. Adjusted trade) and managing expenses. Additionally, it includes instructions for claiming a wear and tear allowance for furnished accommodation, outlining necessary steps and adjustments in the reporting process.