Commentary

B6.208 Deductions for expenditure on sea walls

Business tax
Business tax | Commentary

B6.208 Deductions for expenditure on sea walls

Business tax | Commentary

B6.208 Deductions for expenditure on sea walls

If a person's property business includes a property which requires flood protection from the sea or from a tidal river (but, apparently, not inland rivers) then a particular relief is available in respect of expenditure incurred in making a sea wall or other embankment. This wall or embankment must be necessary to preserve or protect the premises against the encroachment or overflowing of the sea or river1.

The relief is a deduction from the profits of the property business of 1/21 of the expenditure incurred; it is available in the tax year in which

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