Commentary on Sections Overview Overview Section 230: Meaning of “unused amount” and “unreduced amount”
849.This section is based on section 37(1), (8) and (9) of ICTA. The corresponding provision for income tax is in section 290 of ITTOIA.
850.The “unused amount” of a taxed receipt is defined in subsections (1) and (5). That label is used by sections 228 and 229 to ensure that relief given by reference to a taxed receipt under those sections does not conflict with section 235 (limit on reductions and deductions). Source legislation is not as explicit about the way in which relief in relation to a taxed receipt must not exceed the amount of the taxed receipt. See Change 49 in Annex 1.