SCHEDULEEXPENSES OF COMPANIES WITH INVESTMENT BUSINESS AND INSURANCE COMPANIES

Capital Allowances Act 2001

Related definitions53

For section 18 of the Capital Allowances Act 2001 substitute—

Managing the investments of a company with investment business18

1

For the purposes of this Part, managing the investments of a company with investment business consists of pursuing those purposes expenditure on which would be treated as expenses of management within section 75 of ICTA.

2

In this Part “company with investment business” has the meaning given by section 130 of ICTA.