»Ê¹ÚÌåÓýapp

This section looks at the tax consequences of some of the ways that breweries interact with licensed houses.

»Ê¹ÚÌåÓýappre are different classes of property which may be within the brewery accounts:

• tied houses,
• managed houses,
• unlicensed properties let to tenants, and
• licensed properties without tie.

»Ê¹ÚÌåÓýappse properties may or may not be distinguished in the accounts.

»Ê¹ÚÌåÓýapp trading results of managed houses should be brought into the general computation of brewery profits. »Ê¹ÚÌåÓýappse results are sometimes included under other headings in the brewery accounts, for example, profit rentals' or »å¾±²õ³¦´Ç³Ü²Ô³Ù²õâ€�.

For further information on the tax treatment of licensed properties, see BIM61400.

This chapter contains: