Related Commentary  

268(1)  This section applies if during an accounting period a company lets both–

(a)qualifying holiday accommodation, and

(b)accommodation that would be qualifying holiday accommodation if the letting condition (see section 267(3)) were met in relation to it (“under-used accommodation”).

268(2)  The company may make an election for the accounting period specifying–

(a)the qualifying holiday accommodation, and

(b)any or all of the under-used accommodation.

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