(b) (i) Advise Alasdair of the tax implications and relative financial risks attached to the following property
investments:
(1) buy to let residential property;
(2) commercial property; and
(3) shares in a property investment company/unit trust. (9 marks)
(b) (i) Income tax:Direct investment in residential or commercial propertyThe income will be taxed under Schedule A for both residential and commercial property investment. Expenses can beoffset against income under the normal trading rules. These will in
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