Overview Part 1: New Part 11A of ITA 2007 Section 614BM: Recovery of bad debts following reduction under section 614BL
863.This section reinstates any relief for cumulative accountancy rental excess reduced under section 614BL if the bad debt deduction is subsequently reversed (because the debt is recovered or prospects for its recovery improve). It is based on paragraph 9(5) to (7) of Schedule 12 to FA 1997.