# Finance Act 2014, Section 38: Transfer of deductions: research and development allowances


(1) In section 730B(1) of CTA 2010 (interpretation of transfer of deductions provisions), in paragraph (a) of the definition of “deductible amount” after “trade,” insert “ other than an amount treated as such an expense by section 450(a) of CAA 2001 (research and development allowances treated as expenses in calculating profits of a trade), ”.
(2) The amendment made by this section has effect in relation to a qualifying change if the relevant day is on or after 1 April 2014.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/38 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.