Related HMRC Manuals

81(1)  This section applies in relation to amounts which meet the conditions in section 77(2)(a) and (b).

81(2)  The relevant permissive rules apply for the purpose of treating the amounts as ordinary BLAGAB management expenses for the purposes of section 76 as they apply for the purpose of treating amounts as expenses of management for the purposes of Chapter 2 of Part 16 of CTA 2009 (companies with investment business).

81(3)  The following provisions of CTA 2009 are “relevant permissive rules”

(a)section 1000 (costs of setting up employee share ownership trust),

(b)section 1234 (payments for restrictive undertakings),

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