SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Income Tax (Trading and Other Income) Act 2005 (c. 5)
547
In section 601 (how relief for patent expenses is given) after subsection (2) insert—
2A
The deduction or set-off is given effect at Step 2 of the calculation in section 23 of ITA 2007.