Part 5Group relief

Chapter 2Surrender of company's losses etc for an accounting period

Basic provisions about surrendering losses and other amounts

103Meaning of “management expenses”

(1)

In section 99(1)(f) “management expenses” means expenses that are deductible for the surrender period under section 1219 of CTA 2009.

(2)

But it does not include—

(a)

expenses that are deductible for the surrender period as a result of section 1223 of CTA 2009, or

(b)

amounts treated as expenses deductible for the surrender period as a result of section 63 above.