Income Tax (Trading and Other Income) Act 2005 Explanatory Notes

Section 827: Excluded capital expenditure: subsequent treatment of asset

3056.This section provides for an allowance, when foster-care relief ceases to apply, in respect of capital expenditure incurred at a time when foster-care relief did apply (and for which therefore no allowance was due in accordance with section 826). It is based on paragraph 19 of Schedule 36 to FA 2003.

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