[F1250A EEA furnished holiday lettings businessesU.K.
This section has no associated Explanatory Notes
(1)If the qualifying activity of a person who is entitled or liable to an allowance or charge for a chargeable period is an EEA furnished holiday lettings business, the allowance or charge is to be given effect in calculating the profits of that business by treating—
(a)the allowance as an expense of that business, and
(b)the charge as a receipt of that business.
(2)Section 67A of CTA 2010 (letting of EEA furnished holiday accommodation treated as trade for purposes of loss relief rules, etc) applies to profits calculated in accordance with subsection (1).]
Textual Amendments
F1S. 250A inserted (with effect in accordance with Sch. 14 para. 13 of the amending Act) by Finance Act 2011 (c. 11), Sch. 14 para. 12(14)