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of <h1>Telecom licence acquisition costs amortised over relevant previous years; transfer proceeds reduce unallowed expenditure and may be taxable</h1> Capital expenditure incurred to acquire a licence to operate telecommunication services is deductible by allocating the cost over the 'relevant previous years' using an equal fraction each year from the year the licence fee is paid or business commences. If the licence or part thereof is transferred, unallowed expenditure is reduced by transfer proceeds and any excess proceeds may be taxable as business income; where proceeds fully cover remaining unallowed expenditure, future deductions cease. Special provisions preserve relief on amalgamation or demerger transfers, and deductions under this section exclude deduction under the depreciation provisions for the same expenditure.
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