Commentary

D7.481 Capital allowances on management assets allocated to BLAGAB

Corporate tax
Corporate tax | Commentary

D7.481 Capital allowances on management assets allocated to BLAGAB

Corporate tax | Commentary

D7.481 Capital allowances on management assets allocated to BLAGAB

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 allocated to a company's BLAGAB are treated as deemed management expenses within the meaning of FA 2012, s 761 and any balancing charges so apportioned are charged as miscellaneous income2.

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