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Post Info TOPIC: Campsite - Trade?
lots to learn


Senior Member

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Campsite - Trade?
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Iāve just taken on a client with a business consisting of Furnished holiday lets and a campsite. The letās qualify to be treated as a trade for tax but Iām just curious about the campsite. My instinct is that the income could be grouped as one trade but just wanted to check. Thanks in advance

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Artois


Guru

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Hi Valerie

Not had any dealings with campsites myself but hopefully this might help

https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim4300 

Also seem to remember a post on Aweb recently that had something about campsites on it maybe worth having a read



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Cheshire


Master Book-keeper

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Hi Valerie
Agree that manual is the place to start as there are so many unaswered questions for us (campsite part of a farm, seperate, caravans and tents, shop on the site, same land as some of the property lettings........I could go on)



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
lots to learn


Senior Member

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Thanks for the replies and the link. Iāll do some research and report back in case someone else finds it useful.

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Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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