Section 1042 — Corporation Tax Act 2009: “Relevant research and development”
Text of the provision Official document
“Relevant research and development” 1042 1 In this Part “ relevant research and development ”, in relation to a company, means research and development—
a related to a trade carried on by the company, or b from which it is intended that a trade to be carried on by the company will be derived.
2 Research and development related to a trade carried on by a company includes—
a research and development which may lead to or facilitate an extension of the trade, and b research and development of a medical nature which has a special relation to the welfare of workers employed in the trade. 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Official source: legislation.gov.uk
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