Capital Allowances Act 2001

257 Supplementary

(1) Allowances and charges to which sections 255 and 256 apply are not to be given effect otherwise than in accordance with those sections.

(2) Subsection (1) does not prevent any allowance which is to be given effect under those sections from being taken into account in any calculation for the purposes of—

(a) section 89 of FA 1989 (calculation of “policy holders' share of profits”), or

(b) section 76(2) of ICTA (calculation for purposes of complying with restriction on amount of deductible management expenses).

(3) Expressions that are used—

(a) in sections 255 and 256, and

(b) in Chapter I of Part XII of ICTA (insurance companies and capital redemption business),

have the same meaning in those sections as in that Chapter.