Commentary

B3.806 Contributions to expenditure on dredging

Business tax
Business tax | Commentary

B3.806 Contributions to expenditure on dredging

Business tax | Commentary

B3.806 Contributions to expenditure on dredging

A person who has incurred expenditure on dredging for the purposes of a trade carried on (or to be carried on) by him, is deemed not to have incurred it to the extent that it has been, or is to be, met directly or indirectly by a public body or by capital sums contributed by another person for purposes other than those of the trade in question1.

A person (A) who contributes a capital sum to expenditure on dredging incurred by another person (B) is treated as incurring capital expenditure on that

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