BLM74020 - Schedule 12 FA 1997: bad
debts: where accountancy rentals exceed normal rent
Where in the case of a lease:
accountancy rental earnings exceed normal
rent; and
a bad debt deduction exceeding the
accountancy rental earnings is given,
any cumulative accountancy rental excess brought forward is
reduced by the amount by which the bad debt deduction exceeds the
accountancy rental earnings for the period.
(FA97/Sch12/Para9(1)).
