Part 12ASale and lease-back etc
F1Chapter 4Leased assets: capital sums
Interpretation
681DPRelevant tax relief
For the purposes of this Chapter each of the following is a deduction by way of relevant tax relief—
(a)
a deduction in calculating profits or losses of a trade for corporation tax purposes,
(b)
a deduction in calculating any loss for which relief is given under section 91 of CTA 2010 (losses from miscellaneous transactions), or in calculating profits or gains chargeable to corporation tax under or by virtue of any provision to which section 1173 of CTA 2010 applies (miscellaneous charges),
(c)
a deduction under section 76 of ICTA (insurance companies),
(d)
a deduction under section 1219 of CTA 2009 (expenses of management of a company's investment business),
(e)
a deduction in calculating profits or losses of a trade, profession or vocation for income tax purposes,
(f)
a deduction in calculating any loss for which relief is allowed under section 152 (losses from miscellaneous transactions), or in calculating profits or other income or gains chargeable to income tax under or by virtue of any provision to which section 1016 applies, and
(g)
a deduction from earnings allowed under section 336 of ITEPA 2003 (expenses) or allowed in calculating losses in an employment for income tax purposes.