Related Commentary  

104H(1)  A company's “subsidised qualifying expenditure on contracted out research and development” means expenditure–

(a)which is incurred by it in making the qualifying element of a sub-contractor payment (see sections 1134 to 1136), and

(b)in relation to which each of conditions A to E is met.

104H(2)  Condition A is that the expenditure is subsidised.

104H(3)  Condition B is that the sub-contractor is–

(a)a qualifying body,

(b)an individual, or

(c)a firm, each member of which is an individual.

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