Section 886 | Relevant tax relief

For the purposes of this Chapter each of the following is a deduction by way of relevant tax relief—

(a)a deduction in calculating profits or losses of a trade for corporation tax purposes,

(b)a deduction in calculating any loss for which relief is given under section 91 (losses from miscellaneous transactions), or in calculating profits or gains chargeable to corporation tax under or by virtue of any provision to which section 1173 applies (miscellaneous charges),

(c)a deduction of an amount which for the purposes of section 73 of FA 2012 is an amount of adjusted BLAGAB management expenses of an insurance company for an accounting period,^F1

(d)a deduction under section 1219 of CTA 2009 (expenses of management of a company's investment business),

(e)a deduction in calculating profits or losses of a trade, profession or vocation for income tax purposes,

(f)a deduction in calculating any loss for which relief is allowed under section 152 of ITA 2007 (losses from miscellaneous transactions), or in calculating profits or other income or gains chargeable to income tax under or by virtue of any provision to which section 1016 of that Act applies, and

(g)a deduction from earnings allowed under section 336 of ITEPA 2003 (expenses) or allowed in calculating losses in an employment for income tax purposes.