# Corporation Tax Act 2009, Section 1042G: Percentage of qualifying expenditure translated into credit

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

(1) The relevant percentage for the purposes of section 1042B(5) is—
(a) 49%, in the case of a ring fence trade within the meaning given by section 277 of CTA 2010, or
(b) 20%, in any other case.
(2) The Treasury may by regulations replace the percentage for the time being specified in subsection (1)(a) or (b) with a different percentage.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1042G (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1042G
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.