138 Meaning of assets that are “matched to” liabilities
Finance Act 2012 (2012 c 14) | Legislation

138  Meaning of assets that are “matched to” liabilities

(1)     This section—

(a)     defines for the purposes of this Part what is meant by an asset that is matched to a BLAGAB liability or other long-term business liability and what is meant by the whole or a part of an asset being matched, and

(b)     explains for those purposes how to work out the part of an asset that is matched to a BLAGAB liability or other long-term business liability.

(2)     An asset is matched to a BLAGAB liability if, in accordance with the applicable method, some or all of the income or other return arising from that particular asset is specifically referable to the

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