Research and development allowances are available for certain capital expenditure on research and development. Separate income tax relief, not under the capital allowances code, is available for qualifying revenue expenditure (ITTOIA 2005, s. 87–88). Both the capital allowance relief (see ¶256-000) and the revenue relief are generous compared to reliefs for other types of expenditure. The following paragraphs relate only to revenue expenditure.

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