Reply To: Capital – business asset

Kevin D

Thanks Pete. Just to confirm:

1) Yep – para 26 (I’ve edited the original) 😀

2) the clmt has stated the company is not trading. The LA is happy to rely on his word. And, thinking about it, he should also be happy – if the company is trading, and he is the only employee, it may just raise issues about his JSA……(in a different respect) 🙂

3) the LA is satisfied that the Company has freehold ownership of the asset.