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Part 2Plant and machinery allowances

Chapter 19Giving effect to allowances and charges

Special leasing of plant or machinery

261Special leasing: life assurance business

In the case of a company which is carrying on any life assurance business—

(a)subsections (3) to (6) of section 260, and

(b)section 403 of ICTA (group relief),

do not apply in relation to an allowance to which the company is entitled under section 19 (special leasing of plant or machinery).