Related Commentary  Related HMRC Manuals

105(1)  This section applies if a person carrying on a trade receives a payment by way of a grant under–

(b)Article 7, 9 or 30 of the Industrial Development (Northern Ireland) Order 1982 (S.I. 1982/1083 (N.I. 15)).

105(2)  The payment is brought into account as a receipt in calculating the profits of the trade unless–

(a)the grant is designated as made towards the cost of specified capital expenditure (but see subsection (2A)),

(b)the grant is designated as compensation for the loss of capital assets, or

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