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544(4) [Effectively repealed by SI 2004/2310, Schedule, para. 57(2).]