Corporation Tax Act 2010
2010 CHAPTER 4
Introduction
Part 5: Group relief
Chapter 2: Surrender of company’s losses etc for an accounting period
Section 103: Meaning of “management expenses”
366.This section explains which management expenses are available for relief. It is based on section 403ZD(4) of ICTA.
367.Subsection (1) is the link to the basic rule in section 99(1)(f).
368.Subsection (2) excludes from the available management expenses amounts brought forward from an earlier period under:
section 1223 of CTA 2009 (management expenses carried forward); or
the property loss rules (see Chapter 4 of Part 4 of this Act).
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