PIM1005 | Introduction: Property Income: Corporation Tax

Key Points on current rules

• Current legislation for property businesses carried on through a corporate entity is within Part 4 CTA2009

• Income from property profits and losses are computed in the same way as trading profits or losses as applied by s210 CTA2009

• For rules on how companies can use losses from a property business please see PIM4230 onwards (and PIM4120 for Furnished Holiday Lets). The Furnished Holiday Lettings rules will cease to apply for accounting periods beginning on or after 1 April 2025.

• The finance cost restriction rules introduced for tax years 2017-18 onwards on dwelling related loans do not apply to CT customers