# Corporation Tax Act 2009, Section 1039: Overview of Part

Extent: E+W+S+N.I.

(1) This Part provides relief for companies that invest in research and development.
(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.
(3) Chapter 2 makes alternative relief available, in the form of—
(a) an additional deduction in calculating trading profits, and
(b) a payable credit,
to small or medium-sized enterprises that invest heavily in research and development and do not make associated trading profits.
(4) Chapter 8 limits the reliefs provided by Chapters 1A and 2.
(5) Chapter 9 contains definitions and other supplementary provision.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1039 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1039
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.