Corporation Tax Act 2009 (c. 4)

Part 16 Companies with investment business

Chapter 3 Amounts treated as expenses of management

Preliminary

1232 Chapter applies to amounts not otherwise relieved

The following provisions of this Chapter treat amounts as expenses of management only so far as the amounts—

(a) would not otherwise be treated as expenses of management for the purposes of Chapter 2, and

(b) are not otherwise deductible from total profits, or in calculating any component of total profits.