Commentary

D7.5122 Capital allowances

Corporate tax
Corporate tax | Commentary

D7.5122 Capital allowances

Corporate tax | Commentary

D7.5122 Capital allowances

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

Capital allowances on both management assets1 and investment assets2 may be given in the computation of life assurance trade profits required by FA 1989, s 85A(3).

For accounting periods beginning before 1 January 2007, capital allowances could be given in a notional Case I computation but not in an actual Case I computation of losses.

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