Modifications etc. (not altering text)

C1 S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14), Sch. 30 para. 7

Part 10 U.K. Assured tenancy allowances

Chapter 6 U.K. Balancing adjustments

Calculation of balancing adjustments U.K.

518 Overall limit on balancing charge U.K.

(1) The amount of a balancing charge made on a person in respect of any qualifying expenditure attributable to a dwelling-house must not exceed the total amount of the relevant allowances made to that person.

(2) “The relevant allowances” has the meaning given by section 517(8).