Commentary

B3.807 Manner of making allowances and prevention of double allowances

Business tax
Business tax | Commentary

B3.807 Manner of making allowances and prevention of double allowances

Business tax | Commentary

B3.807 Manner of making allowances and prevention of double allowances

Allowances for dredging are made in taxing the trade by treating the allowance as an expense of that trade1.

The general provisions2 for excluding double allowances apply. Under these provisions, the taxpayer may effectively choose which code of capital allowances is to apply to any expenditure that qualifies for allowances under more than one code.

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