# Finance Act 1997, Paragraph 6

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

(1) In section 73 of that Act of 1990 (manner of making allowances and charges under Part II), in subsection (1), for “subsection (2)” there shall be substituted “ subsections (1A) and (2) ”.
(2) After subsection (1) of that section there shall be inserted the following subsection—
“(1A) Any allowance or charge made to or on any company by virtue of section 28A shall be made for the purposes of corporation tax by way of discharge or repayment of tax and, for that purpose—
(a) any such allowance shall be available primarily against income chargeable to tax under Schedule A; and
(b) the amount on which any such charge is to be made shall be treated as income so chargeable.”

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Source: https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-1997/schedule-15/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.