Related Commentary  Related HMRC Manuals

82(1)  This section applies if a person carrying on a trade (“the contributor”) incurs expenses in making a contribution (whether in cash or in kind)–

(a)to a local enterprise organisation (see section 83), or

(b)to an urban regeneration company (see section 86),

and a deduction would not otherwise be allowable for the expenses in calculating the profits of the trade.

82(2)  In calculating the profits of the trade, a deduction is allowed under this section for the expenses.

82(3)  But if, in connection with the making of the contribution, the contributor or a connected person–

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