Commentary on Sections Overview Overview Section 295: Limit on reductions and deductions
1219.This section is based on the general prohibition against excess relief in section 37(9) of ICTA. It restricts total relief allowed by reference to a taxed receipt by way of:
	reductions under the additional calculation rule in section 288 in the amount brought into account by a tenant who is also a landlord; and
	deductions in calculating the profits of a tenant’s property business under section 292,
to the amount of the taxed receipt after any deductions calculated by reference to that receipt for expenses incurred under section 61 of this Act in calculating the profits of a tenant who uses the property subject to the lease for the purposes of his or her trade. See Change 73 in Annex 1.