Statute
Section 681AE — Income Tax Act 2007: Deduction from earnings not to exceed commercial rent
Text of the provision Official document
Deduction from earnings not to exceed commercial rent 681AE 1 Subsection (3) applies to the calculation of the relevant deduction from earnings allowed for the non-excluded element of the payment within section 681AA(2) or 681AB(2).
2 For the purposes of this section the non-excluded element of a payment is the element of the payment not excluded under section 681AI (service charges etc ).
3 The deduction must not exceed the commercial rent for the period for which the payment is made (see section 681AJ or 681AK).
Official source: legislation.gov.uk
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