Paragraph 38 F1
(1)
This paragraph applies to a case within subsection (2) of section 174A (improvement of taxable property).
(2)
An unauthorised payment is treated as made when a payment is made in connection with the improvement works.
(3)
The total taxable amount in relation to the unauthorised payment is the amount of the payment mentioned in sub-paragraph (2).
Annotations
Textual amendments
- F1
Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13