Income and expenditure of a brewer from tied premises, which would normally be dealt with as relating to a property business, are specifically required to be included in trading profits1. 'Tied premises' are premises through which goods supplied by a trader are sold or used by another person, and where the trader has an interest or estate in the premises that he employs for trade purposes2. Although this rule does not apply exclusively to brewers, its main application is to the brewing trade.
Where the receipts and rent or other expenses payable relate only partly to the tied premises or only to a part of the tied premises, the receipts and expenses should be apportioned on a just and reasonable basis3.
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