Commentary

D7.479 Management assets

Corporate tax
Corporate tax | Commentary

D7.479 Management assets

Corporate tax | Commentary

D7.479 Management assets

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.

Capital allowances on management assets are restricted to expenditure on plant and machinery and (for expenditure incurred on or after 29 October 2018) structures and buildings1, and as noted above the assets must be used for the management of the company's long-term business.

Capital allowances on management assets are deductible in calculating both the BLAGAB and non-BLAGAB trade profits. As a result capital allowances are taken into

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