# Finance Act 2012, Section 113: Receipts or expenses relating to long-term business fixed capital


Receipts or expenses which arise from an asset forming part of the long-term business fixed capital of the company are to be left out of account in calculating the profits.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/section/113 (the official version)
Page: https://openlegislation.uk/finance-act-2012/section-113
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.