BLM73015 - 바카라 사이트™Income-into-capital바카라 사이트™ schemes and back loaded leases: Capital allowances: disposal proceeds less than cost of asset
Where the disposal proceeds are less than cost and the total 바카라 사이트˜accountancy rental earnings바카라 사이트™ taxed exceed the 바카라 사이트˜normal rent바카라 사이트™ (so that there is a balance of unrelieved cumulative accountancy rental excess) the lessor will normally have suffered a bad debt. This will have been be fully relieved under the ordinary rules and no further deduction will be due. (Indeed a restriction of cumulative accountancy rental excess under CTA10/S911 may be appropriate). A very simple example illustrating this is at BLM73020.