BLM70845 - 바카라 사이트˜Income-into-capital바카라 사이트™ schemes and back loaded leases: Back loaded leases: negative depreciation - new leases
HMRC commented on the application of FA97/Sch12/Para 5 (now CTA10/S928) to new leases within Part II (now Chapter 3 of Part 21 CTA 2010) in the article on Schedule 12 (now Part 21 of CTA 2010) published in the April 1997 issue of Tax Bulletin:
`In the case of new leases to which Part II (now Chapter 3) does apply, we take the view that 바카라 사이트˜negative depreciation바카라 사이트™ is taxable primarily by virtue of paragraph 5 of Schedule 12 (as applied to Part II (Chapter 3) by paragraph 16 of Schedule 12 (now CTA10/S927)) and not under general tax law. This will ensure that relief for 바카라 사이트˜cumulative accountancy rental excess바카라 사이트™ will be available in accordance with the Schedule바카라 사이트™.