# Finance Act 2012, Paragraph 224


In section 835(2) (transferor or associate becomes liable for payment of rent), for paragraph (c) substitute—
“(c) a deduction is allowed for the payment by taking it into account in the calculation at step 1 of section 76 of FA 2012 (management expenses of insurance companies carrying on basic life assurance and general annuity business).”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/224 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-224
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.