CA39420 - IBA: How allowances and charges are made: Lessors and licensors

CAA01/S353

If an industrial building is an asset of a UK property business or a Schedule A business or an overseas property business, treat allowances as expenses of the business and charges as trade receipts.

If there is no property business assume that the person is carrying on a property business and treat allowances as expenses and charges as receipts of that assumed business.