1043(1)  This Chapter provides for relief for companies which are small or medium-sized enterprises for expenditure on–

(a)in-house direct research and development, or

(b)contracted out research and development,

where the cost of the research and development is incurred by the company.

1043(2)  The reliefs available are–

(a)an additional deduction under section 1044, or

(b)a deemed trading loss under section 1045.

1043(3)  Sections 1046 to 1053 contain provision relevant to the reliefs available under this Chapter, namely–

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