Part 19General exemptions
Miscellaneous
1283Interest from tax reserve certificates
No liability to corporation tax arises in respect of interest from tax reserve certificates issued by the Treasury.
1284Housing grants
1
No liability to corporation tax arises in respect of a payment if it is made—
a
under an enactment relating to the giving of financial assistance for the provision, maintenance or improvement of housing accommodation or other residential accommodation, and
b
by way of grant or other contribution towards expenses.
2
It does not matter whether—
a
the payment is made to the person who incurs the expenses, or
b
the expenses have been, or are to be, incurred.
3
Subsection (1) does not apply so far as the payment is made towards an expense which is deductible in calculating income for any corporation or income tax purpose.
F11285UK company distributions
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1286VAT repayment supplements
No liability to corporation tax arises in respect of a sum paid by way of supplement under section 79 of VATA 1994 (VAT repayment supplements).
1287Incentives to use electronic communications
No liability to corporation tax arises in respect of anything received by way of incentive under any regulations made in accordance with Schedule 38 to FA 2000 (regulations for providing incentives for electronic communications).