[614BL Relief for bad debts: reduction of cumulative accountancy rental excess]
Income Tax Act 2007 (2007 c 3) | Legislation

[Relief for bad debts by reduction of cumulative rental excesses]

[614BL  Relief for bad debts: reduction of cumulative accountancy rental excess]

[(1)     This section applies if in relation to the lease for any period of account of the current lessor—

(a)     there is a cumulative accountancy rental excess, and

(b)     a bad debt deduction falls to be made in respect of rent from the lease.

(2)     If for that period—

(a)     the accountancy rental earnings

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