Section 307G Property allowanceF1
(1)
The rules for calculating the profits of an individual's property business are subject to Chapter 2 of Part 6A (property allowance).
(2)
That Chapter gives relief on relevant property income and, where relief is given, disallows all deductions under this Part which relate to that income (see, in particular, sections 783BC, 783BF and 783BH).
Annotations
Textual amendments
- F1
S. 307G and cross-heading inserted (16.11.2017) (with effect in accordance with Sch. 3 para. 13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 3 para. 8