In relation to expenditure incurred on or after 1 April 2016, FA 2016, s. 73 introduced CTA 2009, s. 250A which:

(a)provides a deduction for the replacement of domestic items (replacement domestic items relief), in place of wear and tear allowance; and

(b)disapplies (in relation to the application of the trading income rules to property businesses) the renewals allowance in ITTOIA 2005, s. 68.

Corresponding provisions for income tax purposes have effect, broadly, from 6 April 2016 (¶302-920).

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