F2PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 8GIVING EFFECT TO ALLOWANCES
Property businesses
270HBF1... UK property businesses and F1... overseas property businesses
If the qualifying activity of a person who is entitled to an allowance for a chargeable period is—
(a)
F3a UK property business, or
(b)
an F4... overseas property business,
the allowance is to be given effect in calculating the profits of that business by treating the allowance as an expense of that business.