Finance Act 2013

This adran has no associated Nodiadau Esboniadol

22(1)Section 105 (industrial development grants) is amended as follows.U.K.

(2)In subsection (2), at the end of paragraph (a) insert “ (but see subsection (2A)) ”.

(3)After that subsection insert—

(2A)Subsection (2)(a) is to be disregarded in calculating the profits of a trade on the cash basis.