Commentary

D7.568 Capital allowances

Corporate tax
Corporate tax | Commentary

D7.568 Capital allowances

Corporate tax | Commentary

Other BLAGAB reliefs and deductions

D7.568 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.

A life insurance company may claim capital allowances in respect of two different classes of asset:

  1.  

    (a)     management assets which are defined as those assets provided for use, or used, for the management of life insurance business of the company1; and

  2.  

    (b)     investment assets which are defined by exception as those assets held by a life insurance company that are

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