SCHEDULES

SCHEDULE 13 U.K. Relief for Research Expenditure

Part II U.K. Amendments Relating to the New Allowance

The Finance Act 1984 U.K.

9 (1) In section 113 of the M1 Finance Act 1984 (restriction on PRT reliefs), in subsection (1)— U.K.

(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 ”.

Marginal Citations

M1 1984 c. 43.