# Finance Act 1987, Paragraph 10


In this Part of this Schedule—
“allowable expenditure” means expenditure which, in accordance with section 5B of the principal Act, is allowable on a claim made by a participator under Schedule 7 to that Act; and
“qualifying receipt” means a sum the amount of which falls, by virtue of subsection (6) of section 5 of the principal Act, to be applied by way of reduction in the amount of expenditure which would otherwise be allowable expenditure.

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Source: https://www.legislation.gov.uk/ukpga/1987/16/schedule/13/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-1987/schedule-13/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.