RENT AMOUNT RECEIVED, NOT AGREED, TO BE ASSESSED

摘要

Stembile Chinyanga v Revenue & Customs [2014] UKFTT 516 (TC) concerned Mrs Chinyanga, a majority shareholder and a director of a child care business called Professional Support & Development Ltd (PSD). PSD decided to expand its business and create a nursery on the ground floor of a property. Birmingham Midshires bank refused to lend to PSD for the property purchase so Chinyanga bought the property personally with a mortgage from Birmingham Midshires, and from January 2008 let the ground floor to PSD and the upper floor to another tenant.