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DV 28: Exempt employee share schemes
or “Rules for tax deductions in exempt employee share schemes”
You could also call this:

“Rules for airport operators claiming deductions from shared income”

If you run an airport, you can’t claim a deduction for any money you spend or lose if that expense is charged against the shared income of the people you run the airport with. This rule comes from the agreement you have with those other people.

When we talk about ‘expenditure’ here, we also mean any provision that’s treated as spending or loss in the form of interest. You can find more about this in sections HR 5 and HR 6.

This rule is very important. It overrides the general permission that usually allows you to claim deductions.

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Next up: DW 2: Bloodstock racing

or “Rules for subtracting expenses related to racing horses”
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Part D Deductions
Expenditure specific to certain industries

DW 1Airport operators

  1. An airport operator is denied a deduction for expenditure or loss to the extent to which the expenditure or loss is, in terms of the joint venture agreement that relates to the airport operator, a charge against any part of the joint income of the parties to the agreement that has been allocated or distributed to any party.

  2. In subsection (1), expenditure includes a provision that is treated as expenditure or loss in the nature of interest under sections HR 5 and HR 6 (which relate to airport operators).

  3. This section overrides the general permission.

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