SCHEDULES

SCHEDULE 6Tax treatment of receipts by way of reverse premium

Exclusion of receipts taken into account for capital allowances

5This Schedule does not apply to a payment or benefit if or to the extent that it is taken into account under section 153 of [1990 c. 1.] the Capital Allowances Act 1990 (subsidies, contributions, etc.) to reduce the recipient’s expenditure qualifying for capital allowances.