Section 1284 — Corporation Tax Act 2009: Housing grants

Housing grants 1284 1 No liability to corporation tax arises in respect of a payment if it is made—

a under an enactment relating to the giving of financial assistance for the provision, maintenance or improvement of housing accommodation or other residential accommodation, and b by way of grant or other contribution towards expenses.

2 It does not matter whether—

a the payment is made to the person who incurs the expenses, or b the expenses have been, or are to be, incurred.

3 Subsection (1) does not apply so far as the payment is made towards an expense which is deductible in calculating income for any corporation or income tax purpose.