SCHEDULES

SCHEDULE 10Tax

Part 2Provisions relating to Part 5

Capital Allowances

28Research and development

1

Paragraph 27 does not apply to determine the disposal value to be brought into account if—

a

the asset is partnership property, and

b

compensating payments are made to one or more, but not both or all, of the partners.

2

Instead, the disposal value to be brought into account is equal to the sum of any compensating payments.