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Legislation
Corporation Tax Act 2010

Crossheading Insurance company expenses: restriction and carrying forward of relief

  • Section 839 Deduction ... not to exceed commercial rent
  • Section 840 Carrying forward parts of payments
  • Section 841 Aggregation and apportionment of payments
  • Section 842 Payments made for later periods
  1. Insurance company expenses: restriction and carrying forward of relief
  2. Deduction ... not to exceed commercial rent

Section 839 | Deduction ... not to exceed commercial rent

From legislation.gov.uk

(1)Subsection (3) applies to the calculation of the amount to be taken into account as mentioned in section 835(2)(c) or 836(2)(c) in respect of the non-excluded element of the payment within section 835(2) or 836(2).

(2)For the purposes of this section the non-excluded element of a payment is the element of the payment not excluded under section 843 (service charges etc).

(3)The amount of the payment to be taken into account must not exceed the commercial rent for the period for which the payment is made (see section 844 or 845).

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