Commentary

B3.907 Writing off of expenditure and residue of expenditure

Business tax
Business tax | Commentary

B3.907 Writing off of expenditure and residue of expenditure

Business tax | Commentary

B3.907 Writing off of expenditure and residue of expenditure

Assured tenancy allowances are not available for any expenditure incurred after 31 March 1992, see B3.901.

The residue of qualifying expenditure attributable to a dwelling house is the qualifying expenditure in respect of that dwelling house which has not been written off in accordance with the rules described below1.

Any initial allowance made in respect of a qualifying dwelling house is treated as written off at the time when the qualifying dwelling house is first used2. Any writing-down allowance made for any chargeable period in respect of the expenditure, is treated as written

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