Income Tax (Trading and Other Income) Act 2005 section 73

Deductions for expenditure on energy-saving items

Section 73 establishes the commencement date for the rules allowing property business deductions for expenditure on energy-saving items.

• Sections 312 to 314 provide for deductions for expenditure on energy-saving items in property businesses.
• These deduction rules only apply to expenditure incurred on or after 6 April 2004.
• Any expenditure on energy-saving items incurred before 6 April 2004 falls outside the scope of sections 312 to 314.
• This is a transitional provision ensuring the energy-saving deduction rules are not applied retrospectively.