[334D Assets not fully paid for]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[334D  Assets not fully paid for]

[(1)     This section applies if—

(a)     a person carrying on a property business enters the cash basis for a tax year (“the current tax year”),

(b)     at any time before the end of the chargeable period which is the previous tax year the person has incurred relevant expenditure, and

(c)     not all of the relevant expenditure has actually been paid by the person.

(2)     “Relevant expenditure” means expenditure on plant

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