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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Benefits and expenses within this Chapter

  • Section 277 Acquisition benefits and expenses
  • Section 278 Abortive acquisition benefits and expenses
  • Section 279 Disposal benefits and expenses
  • Section 280 Transporting belongings
  • Section 281 Travelling and subsistence
  • Section 282 Exclusion from section 281 of benefits and expenses where deduction allowed
  • Section 283 Exclusion from section 281 of taxable car and van facilities
  • Section 284 Bridging loan expenses
  • Section 285 Replacement of domestic goods
  • Section 286 Power to amend sections 277 to 285
  1. Benefits and expenses within this Chapter
  2. Abortive acquisition benefits and expenses

Section 278 | Abortive acquisition benefits and expenses

From legislation.gov.uk

Benefits or expenses are within this section if—

(a)they are benefits provided or expenses incurred with a view to the acquisition of an interest in a residence,

(b)the interest is not acquired—

(i)because of circumstances outside the control of the person seeking to acquire it, or

(ii)because that person reasonably declines to proceed, and

(c)the benefits or expenses would have fallen within section 277 if the interest had been acquired.

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