Overview Part 1: New Part 11A of ITA 2007 Section 614BO: Recovery of bad debts following reduction under section 614BN
867.This section reinstates any relief for cumulative normal rental excess reduced under section 614BN if the bad debt deduction is subsequently reversed (because the debt is recovered or prospects for its recovery improve). It is based on paragraph 10(5) to (7) of Schedule 12 to FA 1997.