SCHEDULES
SCHEDULE 13 Relief for Research Expenditure
Part II Amendments Relating to the New Allowance
The Finance Act 1984
9
(1)
In section 113 of the M1Finance Act 1984 (restriction on PRT reliefs), in subsection (1)—
(a)
the words “abortive exploration expenditure or exploration and appraisal” shall be omitted; and
(b)
after the words “section 5A” there shall be inserted “
or section 5B
”
.
(2)
In subsection (6) of that section—
(a)
after the words “section 5A” there shall be inserted “
or section 5B
”
; and
(b)
for the words “paragraph 16 or paragraph 16A” there shall be substituted “
paragraphs 16 to 16B
”
.