Part 4Property income
Chapter 3Profits of property businesses: basic rules
Calculation of profits
214Relationship between rules prohibiting and allowing deductions
1
Any relevant permissive rule in this Part—
a
has priority over any relevant prohibitive rule, but
b
is subject to the following provisions—
i
section 56 (car or motor cycle hire), as applied by section 210,
ii
section 1288 (unpaid remuneration),
iii
section 1290 (employee benefit contributions),
iv
section 1304 (crime-related payments).
2
In this section “any relevant permissive rule in this Part” means any provision of this Part (apart from sections 231 to 234) which allows a deduction in calculating the profits of a property business.
3
In this section “any relevant prohibitive rule”, in relation to any deduction, means any provision of this Part or Chapter 1 of Part 20 (apart from those mentioned in subsection (1)(b)) which might otherwise be read as—
a
prohibiting or deferring the deduction, or
b
restricting the amount of the deduction.
4
In this section any reference to any provision of this Part includes any provision applied by section 210.