{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-1039",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-1039.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/1039",
  "kind": "section",
  "number": "1039",
  "heading": "Overview of Part",
  "text": "(1) This Part provides relief for companies that invest in research and development.\n(2) Chapter 1A makes relief available in the form of a credit in respect of expenditure on research and development, which becomes payable in certain circumstances.\n(3) Chapter 2 makes alternative relief available, in the form of—\n(a) an additional deduction in calculating trading profits, and\n(b) a payable credit,\nto small or medium-sized enterprises that invest heavily in research and development and do not make associated trading profits.\n(4) Chapter 8 limits the reliefs provided by Chapters 1A and 2.\n(5) Chapter 9 contains definitions and other supplementary provision.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 1039 substituted (with effect in relation to accounting periods beginning on or after 1.4.2024) by Finance Act 2024 (c. 3), Sch. 1 paras. 4(2), 16 (with Sch. 1 para. 18); S.I. 2024/286, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/1039",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}