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SCHEDULES

SCHEDULE 22U.K. REMEDIATION OF CONTAMINATED LAND

Part 1U.K. DEDUCTION FOR CAPITAL EXPENDITURE

Modifications etc. (not altering text)

C1Sch. 22 Pt. I applied (11.5.2001) by 1988 c. 1, s. 21A(5) (as inserted (11.5.2001) by 2001 c. 9, s. 70, Sch. 23 para. 1)

Subsidised expenditureU.K.

8(1)For the purposes of this Schedule a company’s expenditure is treated as subsidised to the extent that—

(a)a grant or subsidy is obtained in respect of the expenditure; or

(b)it is otherwise met directly or indirectly by any person other than the company.

(2)For the purposes of this Schedule a grant, subsidy or payment that is not allocated to particular expenditure shall be allocated to expenditure of the recipient in such manner as is just and reasonable.