Part 2

Plant and machinery allowances
Chapter 19

Giving effect to allowances and charges

Life assurance business

Introductory
254
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).