Policy paper

Targeted anti-avoidance loss buying rules: exclusion of research and development allowances

This Tax Information and Impact Note explains that research and development allowances will be excluded from the FA 2013 loss buying rules.



Legislation will be introduced in Finance Bill 2014 to amend the definition of ‘deductible amounts’ in section 730B of Part 14A of CTA2010 to exclude expenditure that crystallises as research and development allowances.

Published 19 March 2014