F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES
Annotations:
Amendments (Textual)
CHAPTER 8GIVING EFFECT TO ALLOWANCES
Activities analogous to trades
270HCProfessions and vocations
If the qualifying activity of a person who is entitled to an allowance for a chargeable period is carrying on a profession or vocation, the allowance is to be given effect in calculating the profits or gains of that person’s profession or vocation by treating the allowance as an expense of the profession or vocation.
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2