Revenue Precedents

In a sale and leaseback situation the lessor was allowed deductibility on post-lease development expenditure as the latter related directly to the completion of the development of the property. Deductibility allowed subject to usual criteria and to the fact that the enhanced value of the property was reflected in the value of the interest disposed of. A/74

Whether expenses may be deducted by airlines in respect of accommodation provided to passengers because of flight conditions? While accommodation expenses are non-deductible in the case of registered persons, their agents and employees, concessionally an exception may be made in the case of airlines accommodating passengers in hotels etc., because of flight conditions. A/275