Related Commentary  Related HMRC Manuals

417(1)  For the purposes of section 416, “the capital (expenditure) adjustment” is–

A − B − C

where –

A is the sum of the amounts (if any) in respect of relevant capital expenditure which are brought into account in determining the groupʼs profit before tax;

B is the sum of the amounts (if any) in respect of relevant capital expenditure reversals which are brought into account in determining the groupʼs profit before tax;

C is the sum of the amounts (if any) in respect of relevant capital income which are brought into account in determining the groupʼs profit before tax.

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