Your company's assets and liabilities are reported on its balance sheet. Assets go on one side of the sheet, liabilities on the other. The difference between them is the owners' equity in the company -- what the owners would take away if they sold all those assets and paid off all those debts.
Key Points. For all residential premises, whether houses or flats, a landlord may, depending on the circumstances, be liable to be prosecuted if anyone such as a tenant, resident, workman or visitor, is put at risk of being exposed to asbestos or is actually exposed to it.
Repair obligations can represent a major overhead for tenants and landlords alike. However, the tax and accounting treatment concerning expenditure on property dilapidation work and repairs can represent some respite says commercial property specialist Underwoods, although is quite often misunderstood.Payment for dilapidations on the termination of a lease should be tax deductible.epair obligations can represent a major overhead for tenants and landlords alike. However, the tax and accounting treatment concerning expenditure on property dilapidation work and repairs can represent some respite says commercial property specialist Underwoods, although is quite often misunderstood.