Corporation Tax Act 2009

Reverse premiumsU.K.

49(1)Section 250 does not apply to a reverse premium—U.K.

(a)which was received before 9 March 1999, or

(b)to which the recipient was entitled immediately before that date.

(2)In determining whether a reverse premium was one to which the recipient was entitled immediately before 9 March 1999, no account is to be taken of any arrangements made on or after that date.