'Accountancy rental earnings' are defined in
FA97/Sch12/Paras21 and 22 in two stages. Paragraph 22 defines
'rental earnings' (see
BLM70810). Paragraph 21 then defines
'accountancy rental earnings' (see
BLM70815). 'Normal rent' is defined in
Paragraph 20 (see
BLM70825). Both accountancy rental
earnings and normal rent are to be computed before any reduction in
respect of bad debt relief. See
BLM74000 for a detailed discussion of
bad debt relief.
