Section 1167 Payment of tax credit etc
United Kingdom
The provisions mentioned in subsection (2) have effect in relation to F1a BLAGAB tax credit subject to the modifications set out in subsection (3).
The provisions referred to in subsection (1) are—
section 1151(4) (payment of tax credit by officer of Revenue and Customs);
section 1155 (supplementary provision about payment of tax credit);
section 1156 (tax credit payment not income of company);
section 1157 (qualifying expenditure excluded for capital gains purposes).
The modifications referred to in subsection (1) are as follows—
for any reference to a land remediation tax credit substitute a reference to F2a BLAGAB tax credit, and
in section 1157(2) for the reference to qualifying land remediation expenditure substitute a reference to qualifying Chapter 4 expenditure.
Annotations
Textual amendments
- F1
Words in s. 1167(1) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 204
- F2
Words in s. 1167(3)(a) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 204
Notes on Part 14
Textual amendments
- F1
Words in Pt. 14 heading inserted (with effect in accordance with Sch. 7 paras. 27, 28 of the amending Act) by Finance Act 2009 (c. 10), Sch. 7 para. 2
Notes on Chapter 4
Textual amendments
- F1
Words in Pt. 14 Ch. 4 heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 195
Notes on BLAGAB company tax credits
Textual amendments
- F1
Words in s. 1164 cross-heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 200