Point in time view as at 06/04/2005.
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Cross Heading: Ministers of religion.
43(1)This paragraph applies if—U.K.
(a)expenses have been incurred, but not borne, by a minister of a religious denomination on any of the matters mentioned in section 159(3),
(b)the expenses were incurred in a period of account no part of which falls in the basis period for the tax year 2005-06 or a subsequent tax year, and
(c)the part of the expenses corresponding to the amount under section 159(4) has not been taken into account in calculating the profits of the profession or vocation of the minister of any tax year.
(2)A deduction is allowed under section 159(3) for that part of the expenses in calculating the profits of the period of account in which the expenses are borne.
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