Commentary

B3.910 Manner of making allowances and charges

Business tax
Business tax | Commentary

B3.910 Manner of making allowances and charges

Business tax | Commentary

B3.910 Manner of making allowances and charges

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

A person who is entitled to an allowance or charge for a chargeable period and is carrying on a UK property business (or before 6 April 2005 for income tax purposes and in relation to accounting periods ending before 1 April 2009 for corporation tax purposes, a Schedule A business)1 at any time in that period, the allowance is taken into account as an expense of that business and the charge as a receipt of that business2.

If the

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