[1179FM Excluded expenditure: non-arm's-length dealings with connected parties]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1179FM  Excluded expenditure: non-arm's-length dealings with connected parties]

[(1)     Expenditure is excluded expenditure to the extent that it represents connected party profit, unless subsection (3) applies.

(2)     For the purposes of subsection (1), expenditure represents connected party profit—

(a)     if it is a payment to a person (“C”) in exchange for something supplied by that person,

(b)     if the development company is connected with C, and

(c)     if, and to the

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