Related Commentary  

88(1)  If a company carrying on a trade–

(a)pays any sum to a body in the case of which exemption may be claimed as a result of section 491 of CTA 2010 (scientific research associations) and which has as its object the undertaking of research and development which may lead to or facilitate an extension of the appropriate class of trade, or

(b)pays to an approved university, college, research institute or other similar institution any sum to be used for scientific research related to the appropriate class of trade,

a deduction is allowed for the sum in calculating the profits of the trade.

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