75 Meaning of “BLAGAB chargeable gains” etc
Finance Act 2012 (2012 c 14) | Legislation

75  Meaning of “BLAGAB chargeable gains” etc

(1)     This section explains for the purposes of section 73 how to calculate the BLAGAB chargeable gains of the company for the accounting period as adjusted for allowable losses.

Step 1

First, calculate the chargeable gains—

(a)     that accrue to the company in the accounting period from the disposal of assets held for the purposes of the company's long-term business,

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