CA20030 - PMAs: Introduction: Overseas property business

ICTA88/S832

An overseas property business is one whose profits are assessable under Case V Schedule D in accordance with ICTA88/S65A or ICTA88/S70A. The same rules apply to an overseas property business as to a Schedule A business. Where a taxpayer carries on an ordinary Schedule A business and an overseas property business, PMAs are calculated and given separately on each business.