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LAM15110 | Excess expenses, losses and deficits:  Set-off of BLAGAB non-trading deficits on intangible fixed assets: FA12/S88

From HM Revenue & Customs · Life Assurance Manual

Any net BLAGAB non-trading deficit on intangible fixed assets is treated as a deemed management expense (FA12/S88(6)) and set off as outlined in LAM15020.