Related Commentary  

682(1)  This section has effect for the purpose of restricting deductions for expenses of management.

682(2)  Any amounts which–

(a)are, or are treated as, expenses of management referable to the actual accounting period, and

(b)are apportioned to either of the two notional accounting periods in accordance with section 685,

are treated for the purposes of Chapter 2 of Part 16 of CTA 2009 (companies with investment business) as expenses of management referable to that notional accounting period.

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