# Finance Act 2012, Paragraph 10


(1) Section 967 of CTA 2010 (set-off of income tax deductions against corporation tax: payments received by UK resident companies) is amended as follows.
(2) After subsection (4) insert—
“(5) The reference in subsection (1) to a payment received by a company does not include a reference to a payment which is exempt from tax by virtue of any of the following—
section 472 (gifts qualifying for gift aid relief: charitable companies);
section 475 (gifts qualifying for gift aid relief: eligible bodies);
section 664 (exemption for interest and gift aid income: community amateur sports clubs).”
(3) In subsection (5) (as inserted by sub-paragraph (2)), after the entry for section 475 insert—
“section 486 (investment income and non-trading profits from loan relationships);
section 487 (public revenue dividends);
section 488 (certain miscellaneous income);
section 489 (income from estates in administration);”.

---
Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-15/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.