Commentary

B3.911 Exclusion of double allowances

Business tax
Business tax | Commentary

B3.911 Exclusion of double allowances

Business tax | Commentary

B3.911 Exclusion of double allowances

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

If an allowance has been made under one of the capital allowance codes in respect of capital expenditure, no allowance can be made under any other code in respect of that expenditure1. This means that if more than one code is relevant, the taxpayer may choose under which to claim, but once he has chosen he cannot later claim under a new different code. This rule does not apply to patent and know-how allowances2.

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