PMAs are available if an individual, or a partnership of individuals, (but not a company) carrying on a trade, profession or vocation incurs expenditure in connection with the provision for, or use by, the individual, or any of the individuals, of a security asset and there is a special threat. They are also available where the individual or partnership carries on an ordinary property business, furnished holiday lettings business or overseas property business. Expenditure qualifies for PMAs under Section 33 if it does not already qualify for relief, either as a deduction or an allowance. The disposal value is nil.

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