Statute
Section 1177 — Corporation Tax Act 2009: “Subsidised expenditure”
Text of the provision Official document
“Subsidised expenditure” 1177 1 For the purposes of this Part a company's expenditure is treated as subsidised to the extent that—
a a grant or subsidy is obtained in respect of the expenditure, or b it is otherwise met directly or indirectly by a person other than the company.
2 For the purposes of this a grant, subsidy or payment that is not allocated to particular expenditure is to be allocated to expenditure of the recipient on a just and reasonable basis.
Official source: legislation.gov.uk
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