Subject to certain financial thresholds, which are fairly high, a lease that provides for one party to make a payment to the other for the carrying out of construction operations may well attract the CIS deduction at source provisions contained in sections 559 to 567 of the Income and Corporation Taxes Act 1988.
If you suspect that this may apply to the deal you are working on, take a close look at
That done, consolidate in the company of Robert Field, of Lawrence Graham: see
Subject to certain financial thresholds, which are fairly high, a lease that provides for one party to make a payment to the other for the carrying out of construction operations may well attract the CIS deduction at source provisions contained in sections 559 to 567 of the Income and Corporation Taxes Act 1988.
If you suspect that this may apply to the deal you are working on, take a close look at Constructive criticism Estates Gazette 8 December 2001, p114, contributed by Sue Taylor and Hannah Manning, of Eversheds.
That done, consolidate in the company of Robert Field, of Lawrence Graham: see Construct a defence Estates Gazette 16 February 2002, p116.
