Capital Allowances Act 2001 section 248

UK property businesses

Section 248 explains how capital allowances and charges are given effect when the qualifying activity is a UK property business.

  • Applies where a person's qualifying activity is a UK property business
  • Capital allowances are treated as an expense of the property business when calculating profits
  • Balancing charges are treated as a receipt of the property business when calculating profits
  • This ensures allowances and charges flow directly through the property business profit computation

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