Income Tax (Trading and Other Income) Act 2005

802Minor definitionsU.K.
This section has no associated Explanatory Notes

In this Chapter—

  • letting” includes a licence to occupy,

  • relevant allowance”, for a tax year, means a capital allowance falling to be made for the tax year under Part 2 of CAA 2001 in respect of plant or machinery provided for the purposes of a trade or letting from which rent-a-room receipts are derived, and

  • relevant balancing charge”, for a tax year, means a balancing charge falling to be made for the tax year under Part 2 of CAA 2001 in respect of plant or machinery provided for the purposes of a trade or letting from which rent-a-room receipts are derived.