Section 86 (spreading of relief for acquisition expenses)
This section has no associated Explanatory Notes
70In subsection (5A), for “by virtue of section 434D(6)(a) of the Taxes Act (capital allowances in respect of expenditure on management assets)” substitute “under section 256(2)(a) of the Capital Allowances Act (giving effect to capital allowances referable to basic life assurance and general annuity business of company carrying on life assurance business)”.