PART 1Income tax, corporation tax and capital gains tax
CHAPTER 3Corporation tax: general
38Transfer of deductions: research and development allowances
1
In section 730B(1) of CTA 2010 (interpretation of transfer of deductions provisions), in paragraph (a) of the definition of “deductible amount” after “trade,” insert “
other than an amount treated as such an expense by section 450(a) of CAA 2001 (research and development allowances treated as expenses in calculating profits of a trade),
”
.
2
The amendment made by this section has effect in relation to a qualifying change if the relevant day is on or after 1 April 2014.