293 Restrictions on section 292 expenses: the additional calculation rule
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

293  Restrictions on section 292 expenses: the additional calculation rule

[(1)     This section applies if—

(a)     in calculating the amount of a receipt under this Chapter there is a reduction under section 288 (the additional calculation rule) by reference to a taxed receipt, or

(b)     in calculating the amount of a receipt under Chapter 4 of Part 4 of CTA 2009 (profits of a property business: lease premiums etc) there is a reduction under section 228 of that Act (the additional calculation rule) by reference to a taxed receipt.

The receipt that is so reduced is referred

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