Part 2Plant and machinery allowances
Chapter 19Giving effect to allowances and charges
Property businesses
248Ordinary Schedule A businesses
If the qualifying activity of a person who is entitled or liable to an allowance or charge for a chargeable period is an ordinary Schedule A 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.