C1Part 2 Plant and machinery allowances

Annotations:
Modifications etc. (not altering text)

Chapter 19 Giving effect to allowances and charges

Life assurance business

254 Introductory

1

Sections 255 and 256 apply if a company which is carrying on any life assurance business is entitled or liable to any allowances or charges for a chargeable period in respect of plant or machinery consisting of a management asset.

2

In this Chapter “management asset” has the same meaning as in Chapter 1 of Part 12 (life assurance business).