Section 1039 — Corporation Tax Act 2009: Overview of Part
Text of the provision Official document
Overview of Part 1039 1 This Part provides relief for companies that invest in research and development.
2 Chapter 1A makes relief available in the form of a credit in respect of expenditure on research and development, which becomes payable in certain circumstances.
3 Chapter 2 makes alternative relief available, in the form of—
a an additional deduction in calculating trading profits, and b a payable credit, to small or medium-sized enterprises that invest heavily in research and development and do not make associated trading profits.
4 Chapter 8 limits the reliefs provided by Chapters 1A and 2.
5 Chapter 9 contains definitions and other supplementary provision.
Official source: legislation.gov.uk
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