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Home / Simons-Taxes / Business tax / Part B2 How are trade profits and losses calculated? / Division B2.2 Trade receipts / Property income treated as trading income / B2.218 Surplus business accommodation

B2.218 Surplus business accommodation

Business tax

A trader, including a trading company has the option of bringing receipts and expenses of letting surplus business accommodation into the calculation of trade profits under certain restricted conditions¹ (see below). Once this treatment is applied to a letting, it must be continued for so long as the conditions are met².

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