Corporation Tax Act 2009 (c. 4)

Part 4 U.K. Property income

Chapter 6 U.K. Commercial letting of furnished holiday accommodation

Definition U.K.

266 Meaning of “relevant period” in sections 267 and 268 U.K.

(1) For the purposes of sections 267 and 268 “the relevant period” for accommodation let by a company in an accounting period is determined as follows.

(2) If the accommodation was not let by the company as furnished accommodation in the 12 months immediately before the accounting period, “the relevant period” is 12 months beginning with the first day in the accounting period on which it is let by the company as furnished accommodation.

(3) If the accommodation—

(a) was let by the company as furnished accommodation in the 12 months immediately before the accounting period, but

(b) is not let by the company as furnished accommodation in the 12 months immediately after the accounting period,

“the relevant period” is 12 months ending with the last day in the accounting period on which it is let by the company as furnished accommodation.

(4) Otherwise “the relevant period” is the period of 12 months ending with the last day of the accounting period.