Related HMRC Manuals

257(1)  Allowances and charges to which sections 255 and 256 apply are not to be given effect otherwise than in accordance with those sections.

257(2)  Subsection (1) does not prevent any allowance which is to be given effect under those sections from being taken into account in any calculation for the purposes of–

(a)section 93(5) of FA 2012 (minimum profits test), or

(b)section 103 of FA 2012 (rules for determining policyholders' share of I – E profit).

257(3)  [Omitted by FA 2007, s. 41 and Sch. 10, para. 14(8)(a) and repealed by FA 2007, s. 114 and Sch. 27, Pt. 2(10).]


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