Corporation Tax Act 2010
This section has no associated Explanatory Notes
221(1)Section 785 (treatment of payer: REITs) is amended as follows.
(2)In subsection (4), for the words from “as if” to the end substitute “for the purposes of section 76 of FA 2012 as a deemed BLAGAB management expense for the accounting period in which it is paid.”
(3)In subsection (5)(b), for “under section 432A of ICTA” substitute “in accordance with Chapter 4 of Part 2 of FA 2012”.