Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 681CC
Tax deduction not to exceed commercial rent
Section 681CC limits the income tax deduction a trader can claim for lease payments on a previously owned asset, ensuring the deduction does not exceed the commercial rent for the period.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.