Section 926 — Corporation Tax Act 2009: Contributions to expenditure

Contributions to expenditure 926 1 For the purposes of sections 910, 913 and 924, the general rule is that a company is to be regarded as not having incurred expenditure so far as it has been, or is to be, met (directly or indirectly) by—

a a public body, or b a person other than the company.

2 In this Chapter “ public body ” means the Crown or any government, local authority or other public authority (whether in the United Kingdom or elsewhere).

3 The general rule does not apply to the expenses mentioned in section 913(2)(b) (incidental expenses incurred by a seller of patent rights).

4 The general rule is subject to the exception in section 927.