Part 14 U.K. Remediation of contaminated [F1 or derelict] land

Textual Amendments

F1 Words in Pt. 14 heading inserted (with effect in accordance with Sch. 7 paras. 27, 28 of the amending Act) by Finance Act 2009 (c. 10), Sch. 7 para. 2

Chapter 6 U.K. Supplementary

1177 “Subsidised expenditure” U.K.

(1) For the purposes of this Part 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 a person other than the company.

(2) For the purposes of this a grant, subsidy or payment that is not allocated to particular expenditure is to be allocated to expenditure of the recipient on a just and reasonable basis.