544 Management assetsU.K.
(1)No allowances are to be given or charges imposed in respect of management assets of any [F1long-term business] carried on by a company except under Part 2 (plant and machinery allowances) [F2or Part 2A (structures and buildings allowances)].
(2)An asset is a management asset of any [F1long-term business] carried on by a company if it is provided for use, or used, for the management of that business of that company.
F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 544(1)(2) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 103(2)
F2Words in s. 544(1) inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 3(12)
F3S. 544(3) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 103(3)
F4S. 544(5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by Finance Act 2007 (c. 11), Sch. 10 para. 14(8)(b), Sch. 27 Pt. 2(10)