Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Allowances Manual

From
HM Revenue & Customs
Updated
, see all updates

FCA: How to make allowances and charges

CAA01/S393T

If a qualifying flat is an asset of a UK property business or a Schedule A business,treat allowances as expenses of the business and charges as trade receipts.

If there is no property business assume that the person is carrying on a property businessand treat allowances as expenses and charges as receipts of that assumed propertybusiness.