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 (Trading and Other Income) Act 2005 section 50A
Short-term hiring in and long-term hiring out
Section 50A provides two exemptions from the normal restriction on car hire expense deductions: one for short-term hires of 45 days or less, and another where the taxpayer hires a car and then sub-hires it to a customer for more than 45 days.
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.