103Meaning of “management expenses”U.K.
This section has no associated Explanatory Notes
(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.
Modifications etc. (not altering text)
C1Pt. 5 modified by 2009 c. 4, s. 1218ZDB(2) (as inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3)))