Part 10

Assured tenancy allowances
Chapter 6

Balancing adjustments

Calculation of balancing adjustments

Overall limit on balancing charge
518
1
The amount of a balancing charge made on a person in respect of any qualifying expenditure attributable to a dwelling-house must not exceed the total amount of the relevant allowances made to that person.
2
“The relevant allowances” has the meaning given by section 517(8).
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7