This is the original version (as it was originally enacted).
10(1)If a relevant computational item (or a part of a relevant computational item) allocated in accordance with paragraph 8 to the company’s gross roll-up business is a positive amount, the item (or part of the item) is to be treated as a receipt of the company’s non-BLAGAB long-term business.
(2)If a relevant computational item (or a part of a relevant computational item) allocated in accordance with paragraph 8 to the company’s gross roll-up business is a negative amount, the item (or part of the item) is to be treated as an expense of the company’s non-BLAGAB long-term business.
(3)Receipts and expenses within this paragraph are to be taken into account, in accordance with the provisions of this Part of this Schedule, in calculating for corporation tax purposes the profits of the company’s non-BLAGAB long-term business for accounting periods beginning on or after 1 January 2013.
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