38Transfer of deductions: research and development allowancesU.K.
This section has no associated Explanatory Notes
(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.