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 62
Limit on deductions if tenant entitled to mineral extraction allowance
Section 62 prevents a tenant from claiming a double tax benefit where they have already received a mineral extraction allowance under the Capital Allowances Act 2001 for expenditure on acquiring an interest in the land subject to their lease.
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.