Commentary

D7.563 Acquisition expenses

Corporate tax
Corporate tax | Commentary

D7.563 Acquisition expenses

Corporate tax | Commentary

D7.563 Acquisition expenses

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.

Acquisition expenses attributable to a company's BLAGAB are not wholly relievable in the period in which they are incurred but must be spread forward and relieved as management expenses over a seven year period. Although acquisition expenses will be spread in the company's statutory accounts (but not in its regulatory return), the deferral for tax purposes is not calculated by reference to the entries in the accounts. The reason

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