Commentary

D7.4101 Taxation of relevant computational items

Corporate tax
Corporate tax | Commentary

D7.4101 Taxation of relevant computational items

Corporate tax | Commentary

D7.4101 Taxation of relevant computational items

Relevant computational items apportioned to BLAGAB, whether in whole or in part, are to be treated as receipts (if positive) or expenses (if negative) of the company's BLAGAB1. Those receipts or expenses, as the case may be, are to be taken into account in calculating the BLAGAB trade profit or loss for accounting periods beginning on or after transition2.

Amounts referable to BLAGAB will therefore be included in the measure of BLAGAB trade profit when performing the minimum profits test under FA 2012, s 93 but are not however brought into the I-E computation as

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