Section 1179BD — Corporation Tax Act 2009: Preliminary expenditure

Preliminary expenditure 1179BD 1 This section applies if, before the qualifying company began to carry on the separate production trade, it incurred expenditure on the development of the qualifying production.

2 The expenditure may be treated as expenditure of the separate production trade incurred immediately after the company began to carry on the trade.

3 If expenditure so treated has previously been taken into account for other tax purposes, any relevant company tax return must be amended accordingly.