78 Section 76: meaning of other expressions
Finance Act 2012 (2012 c 14) | Legislation

78  Section 76: meaning of other expressions

(1)     This section explains for the purposes of section 76 what is meant by—

“other relevant rules”,

“deemed BLAGAB management expenses for the accounting period”,

“expenses reversed in the accounting period”, and

“BLAGAB trade loss relieved for the accounting period”.

(2)     An expense is deductible under another “relevant rule” if—

(a)     it is deductible as a result of section 92(3),

(b)     it is deductible in calculating, for corporation tax purposes, the profits of a property business, or

(c)     it is deductible as a result of section 272 of CTA 2009 in calculating income from the

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