How can we become exempt from a CT600 service estimate corporation tax return?

Since the Self-Assessment for tax legislation was brought in many resident management companies have suddenly been presented with corporation tax returns. Because an SMSU supported management company or right to manage company will generally be a non-profit making, not trade in its own right, and as service charge revenue will be below the taxable threshold a corporation tax return exemption can be claimed. If granted this generally lasts for a 5 year period. The SMSU's Legal Services team can lodge a request with the Inland Revenue for a waiver.

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