Statute
Section 498 — Corporation Tax Act 2010: Section 496(1)(d): meaning of expenditure
Text of the provision Official document
Section 496(1)(d): meaning of expenditure 498 1 For the purposes of section 496(1)(d) “ expenditure ” includes expenditure of a capital nature.
2 None of the following is “expenditure” for those purposes—
a the investment of any of the charitable company's funds, b the making of a loan by the charitable company, or c the repayment by the charitable company of the whole or a part of a loan made to it.
Official source: legislation.gov.uk
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