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Changes over time for: Section 53
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 21/10/2024.
Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Council Tax Reduction (Scotland) Regulations 2021. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Changes to Legislation
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Permitted expenses (applicants with an award of universal credit)S
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adran has no associated
Nodiadau Polisi
53.—(1) The deductions allowed for the purposes of regulation 51(2) in the calculation of self-employed earnings are amounts paid in the assessment period in respect of—
(a)expenses that have been wholly and exclusively incurred for purposes of the trade, profession or vocation, or
(b)in the case of expenses that have been incurred for more than one purpose, an identifiable part or proportion that has been wholly and exclusively incurred for the purposes of the trade, profession or vocation,
excluding any expenses that were incurred unreasonably.
(2) Payments deducted under paragraph (1) may include value added tax.
(3) No deduction may be made for payments in respect of—
(a)expenditure on non-depreciating assets (including property, shares or other assets held for investment purposes),
(b)repayment of capital in relation to a loan taken out for the purposes of the trade, profession or vocation,
(c)expenses for business entertainment.
(4) A deduction for a payment of interest in relation to a loan taken out for the purposes of the trade, profession or vocation may not exceed an amount equivalent to £492 per year.
(5) This regulation is subject to regulation 54.
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