Section 489 Giving effect to allowances
United Kingdom
F1(1)
An allowance to which a person is entitled under this Part is to be given effect in calculating the profits of that person’s trade, by treating the allowance as an expense of the trade.
F2(2)
This section is subject to section 6E (giving effect to allowances and charges: NI rate activity cases).
Annotations
Textual amendments
- F1
S. 489 renumbered as s. 489(1) (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), Sch. 1 para. 17(2)
- F2
S. 489(2) inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), Sch. 1 para. 17(3)