Part 2 Plant and machinery allowances
Chapter 19 Giving effect to allowances and charges
Property businesses
250F1F2... Overseas property businesses
If the qualifying activity of a person who is entitled or liable to an allowance or charge for a chargeable period is an F3F4... overseas property 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.