Capital Allowances Act 2001 section 17A

Ordinary overseas property business

Section 17A defines what is meant by an "ordinary overseas property business" for the purposes of Part 1 of the Capital Allowances Act 2001.

• An ordinary overseas property business is an overseas property business that does not include any EEA furnished holiday lettings element.
• Where an overseas property business includes an EEA furnished holiday lettings business, that portion is excluded from the definition of ordinary overseas property business.
• The definition is relevant for determining how capital allowances apply to different categories of overseas property income.
• This distinction matters because EEA furnished holiday lettings businesses receive separate, more favourable treatment under the capital allowances rules.