Commentary

D7.461 Amounts treated as ordinary BLAGAB management expenses

Corporate tax
Corporate tax | Commentary

D7.461 Amounts treated as ordinary BLAGAB management expenses

Corporate tax | Commentary

D7.461 Amounts treated as ordinary BLAGAB management expenses

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

A company is also permitted to treat certain statutory reliefs as ordinary BLAGAB management expenses to the extent that they would not otherwise be so regarded1. The reliefs so permitted are:

  1.  

    (a)     costs of setting up employee share ownership trusts (CTA 2009, s 1000)

  2.  

    (b)     payments for restrictive undertakings (CTA 2009, s 1234)

  3.  

    (c)     costs of employees seconded to charities and educational establishments (CTA 2009, s

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