»Ê¹ÚÌåÓýapp

Introduction and overview FA12/S76

Step 1: Definition of ordinary BLAGAB management expenses, conditions and excluded amounts: FA12/S77

Step 1: Amounts treated as ordinary BLAGAB management expenses: FA12/S81

Step 1: Restrictions on unpaid remuneration, car hire and FOTRA related expenses: FA12/S82 and FA12/S96

Step 2: Definition of acquisition expenses: FA12/S80

Step 2: Spreading of acquisition expenses: FA12/S79

Step 2: Example - spreading of acquisition expenses: FA12/S79

Repeal of FA12/S79: FA22/SCH5/PART2 and SI2022/1164� �

Step 3: Calculate the amount of any deemed management expenses: FA12/S78(3)

Step 3: General Annuity Business: FA12/S83

Step 4: Calculate the basic amount: FA12/S76

Step 5: »Ê¹ÚÌåÓýapp adjusted BLAGAB management expense

Example steps 1 to 5: FA12/S76