Hi
Do limited Apartment management companies have to pay tax on money not spent during the year.
The limited company takes in fees and spends it on maintenance costs?
Is it exempt or do you only have to pay tax on money earnt... therefore as the company doesn't trade in the normal sense it doesn't pay tax?
Or am I totally off the mark?
Do limited Apartment management companies have to pay tax on money not spent during the year.
The limited company takes in fees and spends it on maintenance costs?
Is it exempt or do you only have to pay tax on money earnt... therefore as the company doesn't trade in the normal sense it doesn't pay tax?
Or am I totally off the mark?