Part 3Income tax, corporation tax and capital gains tax
Chapter 2Corporation tax: general
Amounts reversing expenses of management deducted
45Amounts reversing expenses of management deducted: charge to tax
F11
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F12
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F13
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4
In section 842 of the Taxes Act 1988 (investment trusts) after subsection (1AB) insert—
1AC
In determining the amount of a company’s income for the purposes of subsection (1)(a) above, no account shall be taken of any amount that falls under section 75B(7)(b) to be regarded as income of the company chargeable under Case VI of Schedule D.