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Part 10Assured tenancy allowances

Chapter 6Balancing adjustments

Calculation of balancing adjustments

518Overall limit on balancing charge

(1)The amount of a balancing charge made on a person in respect of any qualifying expenditure attributable to a dwelling-house must not exceed the total amount of the relevant allowances made to that person.

(2)“The relevant allowances” has the meaning given by section 517(8).