# Capital Allowances Act 2001, Section 270HB: ... UK property businesses and ... overseas property businesses


If the qualifying activity of a person who is entitled to an allowance for a chargeable period is—
(a) a UK property business, or
(b) an ... overseas property business,
the allowance is to be given effect in calculating the profits of that business by treating the allowance as an expense of that business.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/270HB (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-270HB
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.