SCHEDULES

SCHEDULE 12 Tax relief for expenditure on research and development

Part 6 General provisions

Other definitions etc

19 (1) In this Schedule—

• “life assurance business” has the meaning given in section 431(2) of the Taxes Act 1988;

• “research and development” has the meaning given by section 837A of the Taxes Act 1988.

(2) Section 839 of the Taxes Act 1988 (connected persons) applies for the purposes of this Schedule.