Cross references

S. 51: priority between rules permitting a deduction and those prohibiting a deduction.

Pt. 20, Ch. 1: other rules prohibiting a deduction.

Extra-Statutory Concessions

B7: small gifts to local charities made for trading purposes are deductible.

B38: relief for trade receipts and trade debts, the proceeds of which cannot be remitted to the UK (s. 74(1)(j)).

Statements of Practice

SP C10: costs incurred by companies in valuing their land for the purposes of complying with Companies Act 1985, Sch. 7, para. 1 are deductible. Provisions in the Companies Act 1985 to be substituted by the Companies Act 2006 on dates to be appointed (expected to be between 2007 and 2008).

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