2891.This section exempts from income tax grants paid under legislation intended to assist in providing, maintaining or improving housing. It is based on section 578 of ICTA.
2892.Subsection (1) reflects the effect of the devolution settlements. See Change 19 in Annex 1.
2893.Subsection (2) makes it clear that the expenditure need not be incurred by any particular person and that it may be current or future expenditure.