[225L Adjustment as a result of regional development grant]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[225L  Adjustment as a result of regional development grant]

[(1)     This section applies if conditions A, B and C are met.

(2)     Condition A is that expenditure incurred by a person in relation to an asset in a tax year (“the initial period”) has been or is to be met by a regional development grant.

(3)     Condition B is that, despite the provisions of section 534(2) and (3) of CAA 2001 (Northern Ireland regional development grants) and section 225K of this Act, in determining that person's liability to income tax for the initial period, the

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