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HMRC internal manual

Capital Allowances Manual

From
HM Revenue & Customs
Updated
, see all updates

Assured Tenancy Allowances: How allowances and charges are made

CAA01/S529

If the person entitled to an allowance or liable to a charge is carrying on a UK property business or Schedule A business treat allowances as expenses and charges as receipts of the business.

If the person is not carrying on a UK property business or Schedule A business assume that one is being carried on. Treat allowances as expenses and charges as receipts of that assumed business.