Related Commentary  Related HMRC Manuals

544(1)  No allowances are to be given or charges imposed in respect of management assets of any long-term business carried on by a company except under Part 2 (plant and machinery allowances) or Part 2A (structures and buildings allowances).

544(2)  An asset is a management asset of any long-term business carried on by a company if it is provided for use, or used, for the management of that business of that company.

544(3)  [Omitted by FA 2012, s. 146 and Sch. 16, para. 103(3).]

544(4)  [Effectively repealed by SI 2004/2310, Schedule, para. 57(2).]

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