Hi all,
I am having a heated discussion with my accountant over the following situation:
Company x manages but to let properties and does not have enough capital to purchase properties so company z provides the capital. The invoices are sent to company z so that would in some way make it an expense. However, since company z is providing the capital, there is also the argument that company z is loaning company x, thus a loan and taken as a whole into the taxable income. Have any of you had this experience? How did you manage it?
I am having a heated discussion with my accountant over the following situation:
Company x manages but to let properties and does not have enough capital to purchase properties so company z provides the capital. The invoices are sent to company z so that would in some way make it an expense. However, since company z is providing the capital, there is also the argument that company z is loaning company x, thus a loan and taken as a whole into the taxable income. Have any of you had this experience? How did you manage it?
Comment