CA29320 - PMA: How allowances and charges are made: Trade, property business, furnished holiday lettings business, overseas property business, professions and vocations, mines, transport undertakings, investment company, employment or office

The details of the general rule are as follows:

Qualifying activityPMABalancing chargeLegislation
Tradetreat as an as an expenses of the tradetreat as a receipt of the tradeCAA01/S247
Property businesstreat as an expense of the businesstreat as a receipt of the businessCAA01/S248
Furnished holiday lettings businesstreat as an expense of the businesstreat as a receipt of the businessCAA01/S249, (note ICTA88/S503 applies)
Overseas property businesstreat as an expense of the businesstreat as a receipt of the businessCAA01/S250
Profession or vocationtreat as an expense of the profession or vocationtreat as a receipt of the profession or vocationCAA01/S251
Mines, transport undertakingstreat as an expense of the concerntreat as a receipt of the concernCAA01/S252
Investment companyif possible deduct from any income for the period of the business

if there is an excess of allowances, add it to the company's management expenses (see CTM08620)

but allowances cannot be given in this way and in some other way on the same item of plant and machinery		treat as a income of the businessCAA01/S253
Employment or officetreat as an amount to be deducted from the earningstreat as earningsCAA01/S262

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