1308 Expenditure brought into account in determining value of intangible asset
Corporation Tax Act 2009 (2009 c 4) | Legislation

Expenditure on research and development

1308  Expenditure brought into account in determining value of intangible asset

(1)     Subsection (2) applies if a company—

(a)     incurs expenditure on research and development which is not of a capital nature, and

(b)     brings the expenditure into account in determining the value of an intangible asset.

(2)     The expenditure is not prevented from being allowed

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