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HMRC internal manual

Business Leasing Manual

From
HM Revenue & Customs
Updated
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’Income-into-capital’ schemes and back loaded leases: Bad debts: reducing cumulative accountancy rental excess

The necessary rules, reducing cumulative accountancy rental excess for a trading income bad debt deduction, are in CTA10/SS911. They address separately the case where a bad debt deduction is given for a period of account in which:

  • accountancy rental earnings exceed normal rent (see BLM74020).
  • the normal rent is taxed (see BLM74025).