Related Commentary  Related HMRC Manuals

1162(1)  If a company is entitled to relief under section 1161 for an accounting period it is also entitled to relief under this section for the period.

1162(2)  For the company to obtain the relief it must make a claim.

1162(3)  The relief is that the company may treat 50% of the qualifying Chapter 4 expenditure for the purposes of section 76 of FA 2012 as deemed BLAGAB management expenses for the accounting period.

1162(4)  For the purposes of this Chapter “the qualifying Chapter 4 expenditure” means–

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