Part 4Property income
Chapter 5Profits of property businesses: other rules about receipts and deductions
F1Furnished accommodation: wear and tear allowance
248BMeaning of “eligible” in relation to a dwelling-house
1
A dwelling-house is “eligible” at any time in relation to a company (“C”) that carries on a property business in an accounting period if, at that time—
a
the dwelling-house is subject to a furnished letting comprised in the business,
b
the dwelling-house contains sufficient furniture, furnishings and equipment for normal residential use, and
c
C is responsible for the state of affairs mentioned in paragraph (b).
2
C is so responsible if—
a
any of the furniture, furnishings and equipment contained in the dwelling-house at the time mentioned in subsection (1) is provided by C,
b
that furniture, furnishings and equipment, together with any furniture, furnishings and equipment in the dwelling-house at that time provided by a superior landlord of C, is sufficient for normal residential use, and
c
the conditions in paragraphs (a) and (b) are not met in relation to a superior landlord of C.
3
References in this section to a superior landlord of C are to any person who—
a
has an interest in the dwelling-house that is superior to that of C, and
b
carries on a property business in the accounting period that consists of or includes a furnished letting to which the dwelling-house is subject.
Ss. 248A-248C and cross-heading inserted (1.4.2011) (with effect in accordance with art. 13(2) of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2011 (S.I. 2011/1037), arts. 1, 12(2)