F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES
Annotations:
Amendments (Textual)
CHAPTER 8GIVING EFFECT TO ALLOWANCES
Property businesses
270HBOrdinary UK property businesses and ordinary overseas property businesses
If the qualifying activity of a person who is entitled to an allowance for a chargeable period is—
a
an ordinary UK property business, or
b
an ordinary overseas property business,
the allowance is to be given effect in calculating the profits of that business by treating the allowance as an expense of that business.
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2