Overview Part 1: New Part 11A of ITA 2007 Section 614BU: Capital allowances deductions: waste disposal and cemeteries
885.This section deals with deductions for capital expenditure allowed under section 165, 168 or 170 of ITTOIA. It is based on paragraph 11(11) and (12) of Schedule 12 to FA 1997.
886.In these cases, an amount equal to the deductions allowed or, if less, the amount or value of the major lump sum is treated as a trading receipt.