# Corporation Tax Act 2010, Section 498: Section 496(1)(d): meaning of expenditure


(1) For the purposes of section 496(1)(d) “expenditure” includes expenditure of a capital nature.
(2) None of the following is “expenditure” for those purposes—
(a) the investment of any of the charitable company's funds,
(b) the making of a loan by the charitable company, or
(c) the repayment by the charitable company of the whole or a part of a loan made to it.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/498 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-498
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.