171 Allocation of ancillary capital expenditure
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

171  Allocation of ancillary capital expenditure

(1)     The amount of ancillary capital expenditure allocated to the relevant period for the purposes of section 170(2)(b) is the amount given by the formula—

RE × (PSR / (PAR + PSR))

ɳ—

RE means residual expenditure (see subsection (2)),

PSR means the number of grave-spaces or memorial garden plots in the cemetery or memorial garden sold in the relevant period, and

PAR means the number of grave-spaces or memorial garden plots in the cemetery or memorial garden which are or could be made available for sale at the end of the relevant period.

(2)     “Residual expenditure”

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