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Partnership advise

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  • Jeremy535897
    Jeremy535897 Posts: 10,754 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    The partnership has to trade to qualify. If it just has rental income, no matter how much work is involved, you will not qualify for SEISS.
  • camcleish
    camcleish Posts: 10 Forumite
    First Post
    Thanks again, so do you think there is anything in the Chancellor`s packages to assist business during the crisis we may be able to apply for?  
  • Jeremy535897
    Jeremy535897 Posts: 10,754 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    camcleish said:
    Thanks again, so do you think there is anything in the Chancellor`s packages to assist business during the crisis we may be able to apply for?  
    If your business borrows, you might look at a business interruption loan, or mortgage breaks if there are mortgages. Your self assessment tax due 31 July 2020 should be able to be deferred to 31 January 2021. I don't know whether you let residential or commercial property. If you pay business rates, there might be other help.
  • camcleish
    camcleish Posts: 10 Forumite
    First Post
    Thanks again, we will look at your suggestions. Our property is commercial and the tenant pays the rates.
      
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