Part 2 Plant and machinery allowances
Chapter 19 Giving effect to allowances and charges
Property businesses
248F1...F2UKF3property businesses
If the qualifying activity of a person who is entitled or liable to an allowance or charge for a chargeable period is F4a F5UK F6property 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.