Hi there
I have a question on Section 23 Tax relief that I hope somebody could help me with.
A family member bought a section 23 apartment.
When they returned their tax return in 2007, they manually calculated what their section 23 relief is by taking the Amount paid for the apartment and deducting other rental income from this amount. (This was done on a slip of paper only!)
Now they have sent their tax to an accountant to be completed. They have said they are not able to calculate section 23 as they need the capital allowances computation. Family member has no record of this.
Would this be an official document that would have been received when buying the section 23 property or would the slips of paper suffice?
I have a question on Section 23 Tax relief that I hope somebody could help me with.
A family member bought a section 23 apartment.
When they returned their tax return in 2007, they manually calculated what their section 23 relief is by taking the Amount paid for the apartment and deducting other rental income from this amount. (This was done on a slip of paper only!)
Now they have sent their tax to an accountant to be completed. They have said they are not able to calculate section 23 as they need the capital allowances computation. Family member has no record of this.
Would this be an official document that would have been received when buying the section 23 property or would the slips of paper suffice?