BLM74015 | ’Income-into-capital’ schemes and back loaded leases: Bad debts: reducing cumulative accountancy rental excess

The necessary rules, reducing cumulative accountancy rental excess for a trading income bad debt deduction, are in CTA10/SS911. They address separately the case where a bad debt deduction is given for a period of account in which:

• accountancy rental earnings exceed normal rent (see BLM74020).

• the normal rent is taxed (see BLM74025).