Commentary

D7.482 Investment assets

Corporate tax
Corporate tax | Commentary

D7.482 Investment assets

Corporate tax | Commentary

D7.482 Investment assets

Investment assets are defined as those assets that are not management assets1 and therefore refer to those assets from which the company derives income (for example plant and machinery in investment properties) rather than those which it uses for the purposes of carrying out its trade of life insurance.

Capital allowances in relation to investment properties are given as a deduction in a company's property business computation used in calculating its I-E profit.

An insurance company is not entitled to capital allowances on its investment assets in calculating the profits of its non-BLAGAB business2. In the absence of

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