Corporation Tax Act 2009
This section has no associated Explanatory Notes
188In section 1013 (relief if shares acquired by employee or other person: how relief is given), for subsection (4) substitute—
“(4)If—
(a)the employing company is a company in relation to which the I - E rules apply, and
(b)the relief is referable, in accordance with Chapter 4 of Part 2 of FA 2012, to the employing company’s basic life assurance and general annuity business,
the amount of relief is treated for the purposes of section 76 of that Act as ordinary BLAGAB management expenses of the company referable to the accounting period.”