209Meaning of “partial depreciation subsidy”
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In this Chapter “partial depreciation subsidy” means a sum which—
(a)is payable directly or indirectly to a person who has incurred qualifying expenditure for the purposes of a qualifying activity,
(b)is in respect of, or takes account of, part of the depreciation of the plant or machinery resulting from its use for the purposes of that activity, and
(c)does not fall to be taken into account as income of that person or in calculating the profits of any qualifying activity carried on by him.