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.
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.