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Loans provided to employees
Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel
Trade or hobby
Trade or hobbyInteraction of hobby farming rules and commercialityFarming has its own set of 鈥榟obby farming rules鈥�, which historically have stated that a profit must be made every six years. This is known as 鈥榯he five-year rule鈥�, in that there can be five years of losses but there must be a profit
Overseas property businesses for companies
Overseas property businesses for companiesOverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income from the land.Therefore, a UK company with overseas property may be subject to tax in
