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HMRC internal manual

Business Income Manual

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HM Revenue & Customs
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Specific receipts: grants and subsidies: Northern Ireland regional development grants

S534 Capital Allowances Act 2001

A person who receives certain Northern Ireland regional development grants to purchase plant is treated as having incurred the expense themselves. See CA14200.

If a deduction is claimed on a renewals basis (see BIM46980) the deduction should not be restricted by the amount of the grant received.

Builders

A development grant paid to a builder in respect of a building to be occupied by a trader is treated as a taxable receipt in the hands of the builder.