B2.218 Surplus business accommodationA trader, including a trading company has the option of bringing receipts and expenses of letting surplus business accommodation into the calculation of trade profits under certain restricted conditions1 (see below). Once this treatment is applied to a letting, it must be continued for so long as the conditions are met2. The conditions are3: • the business accommodation must be temporarily surplus to requirements (see below for further details on this condition) • the accommodation must not be held as trading stock • part of the accommodation must continue to be used in the trade •
A trader, including a trading company has the option of bringing receipts and expenses of letting surplus business accommodation into the calculation of trade profits under certain restricted conditions1 (see below). Once this treatment is applied to a letting, it must be continued for so long as the conditions are met2. The conditions are3:
• the business accommodation must be temporarily surplus to requirements (see below for further details on this condition)
• the accommodation must not be held as trading stock
• part of the accommodation must continue to be used in the trade
•
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