Related Commentary  

1053(1)  A company's “qualifying expenditure on contracted out research and development” means expenditure–

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

(b)in relation to which each of conditions A, C and D is met.

1053(2)  Condition A is that the expenditure is attributable to relevant research and development undertaken on behalf of the company.

1053(3)  [Omitted by F(No. 3)A 2010, s. 13(3)(b).]

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