295 Limit on reductions and deductions
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Limit on effect of additional calculation rule and deductions

295  Limit on reductions and deductions

(1)     The total of—

(a)     the reductions under section 288 by reference to a taxed receipt, and

(b)     the deductions allowed in calculating the profits of a property business for expenses under section 292 (tenant under taxed

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