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HMRC internal manual

Business Income Manual

Breweries: contents

This section looks at the tax consequences of some of the ways that breweries interact with licensed houses.

There are different classes of property which may be within the brewery accounts:

  • tied houses,
  • managed houses,
  • unlicensed properties let to tenants, and
  • licensed properties without tie.

These properties may or may not be distinguished in the accounts.

The trading results of managed houses should be brought into the general computation of brewery profits. These results are sometimes included under other headings in the brewery accounts, for example, `profit rentals’ or `discounts’.

For further information on the tax treatment of licensed properties, see BIM61400.

This chapter contains: