Related Commentary  

104S(1)  This section applies if–

(a)a company is entitled to an R&D expenditure credit for an accounting period under this Chapter, and

(b)an amount of the R&D expenditure credit is payable to the company under step 7 of section 104N(2).

104S(2)  If at the time of claiming the credit the company was not a going concern (see section 104T)–

(a)the company is not entitled to be paid that amount, and

(b)that amount is extinguished.

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