Commentary

D7.569 Management assets

Corporate tax
Corporate tax | Commentary

D7.569 Management assets

Corporate tax | Commentary

D7.569 Management assets

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 management assets are restricted to expenditure on plant and machinery1, and as noted above the assets must be used for the management of the company's life insurance business. In determining whether this is the case, the management of a life insurance company's business is deemed to be pursuing those activities expenditure on which would be eligible for relief as an expense of management2

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