An Employee or Agent Can Occupy a Premises for the Purpose

question 13

True/False

an employee or agent can occupy a premises for the purpose of establishing 'actual occupation' under Schedule 1 and Schedule 3. Justify your answer by reference to case law.

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Definitions:

Accounting Records

Documentation and books that keep track of the financial transactions of a business or individual, forming the basis for its financial statements.

Asset

Resources controlled by a business from which future economic benefits are expected to flow to the business, including both physical items and intangible properties.

Credit

An entry on the right side of a double-entry bookkeeping system that increases liabilities and equity or decreases an asset or expense.