Section 210 | Profits of a property business: application of trading income rules
From legislation.gov.uk
1 April 2026
(1)The profits of a property business are calculated in the same way as the profits of a trade.
(2)But the provisions of Part 3 (trading income) which apply as a result of subsection (1) are limited to the following—F1F2F3F4F5F6
| In Chapter 3 (basic rules)— | |
|---|---|
| section 46 | generally accepted accounting practice |
| section 47 | losses calculated on same basis as profits |
| section 48 | receipts and expenses |
| section 49A | money's worth |
| section 52 | apportionment etc of profits and losses to accounting period |
| In Chapter 4 (rules restricting deductions)— | |
| section 53 | capital expenditure |
| section 54 | expenses not wholly and exclusively for trade and unconnected losses |
| section 55 | bad debts |
| sections 56 to 58B | car ... hire |
| section 59 | patent royalties |
| In Chapter 5 (rules allowing deductions)— | |
| section 61 | pre-trading expenses |
| . . . | . . . |
| section 69 | payments for restrictive undertakings |
| sections 70 and 71 | seconded employees |
| section 72 | payroll deduction schemes: contributions to agents' expenses |
| sections 73 to 75 | counselling and retraining expenses |
| sections 76 to 81 | redundancy payments etc |
| sections 82 to 86 | contributions to local enterprise organisations or urban regeneration companies |
| sections 86A and 86B | contributions to flood and coastal erosion risk management projects |
| sections 87 and 88 | scientific research |
| sections 89 and 90 | expenses connected with patents, designs and trade marks |
| section 91 | payments to Export Credits Guarantee Department |
| section 92 | levies under FISMA 2000 |
| section 92A | deductions in relation to salaried members of limited liability partnerships |
| In Chapter 6 (receipts)— | |
| section 93 | capital receipts |
| section 94 | debts incurred and later released |
| section 101 | distribution of assets of mutual concerns |
| section 102 | industrial development grants |
| section 103 | sums recovered under insurance policies etc |
| section 104 | repayments under FISMA 2000 |
| In Chapter 7 (gifts to charities etc)— | |
| section 108 | receipt of benefits by donor or connected person |
| In Chapter 9 (other specific trades)— | |
| section 131 | incidental costs of issuing qualifying shares (building societies) |
| section 133 | annual payments paid by a credit union |
| In Chapter 12 (deductions from profits)— | |
| sections 172 to 175 | unremittable amounts |