UK Investing Abroad- Tax implications


Joined
Dec 29, 2016
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United Kingdom
My company is considering buying properties to rent out abroad. What are the tax implications.
 
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Joined
Sep 25, 2020
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United States
My company has two separate legal entity tax credit properties. One of those has a rental subsidy both cash and revenue mistakenly booked on the wrong books, however, it was corrected with a Payable and a Receivable on both books.

Question: Can both accounts be offset to reconcile the account without payment of Cash ? Or we have to make cash payment to correctly remove the payable and the receivable off the books?
 

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