ITTOIA/S57 and CTA09/S61


Usually a rental business begins when letting first commences.

Allowable revenue expenditure incurred before the rental business begins can be relieved under the ITTOIA05/S57 or CTA09/S61 provisions for pre-trading expenditure.

Start of rental business

The date a rental business begins is a question of fact that depends on the nature of the rental business. Normally a rental business will begin when the customer first enters into a transaction that exploits their land or property in a way which gives rise to a receipt of some kind.

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