Section 1253 — Corporation Tax Act 2009: Contributions to local enterprise organisations or urban regeneration companies: disqualifying benefits

Contributions to local enterprise organisations or urban regeneration companies: disqualifying benefits 1253 1 This section applies if—

a a deduction has been made under section 1219 by virtue of section 1244 (contributions to local enterprise agencies or urban regeneration companies: expenses of management),

and b the contributor or a connected person receives a disqualifying benefit that is in any way attributable to the contribution.

2 The contributor is to be treated as receiving, when the benefit is received, an amount—

a which is equal to the value of the benefit (so far as not brought into account in determining the amount of the deduction),

and b to which the charge to corporation tax on income applies.

3 In this section “ disqualifying benefit ” has the same meaning as in section 1244.