Modifications etc. (not altering text)
C1Sch. 20 restricted (22.4.2003) by Finance Act 2002 (c. 23), Sch. 13 para. 17(2); S.I. 2003/1472, art. 2
C2Sch. 20 modified (1.1.2005 with effect as specified in art. 2 of the commencing S.I.) by Finance Act 2004 (c. 12), s. 53(2)(6); S.I. 2004/3268, art. 2
4(1)For the purposes of this Schedule “relevant research and development”, in relation to a company, means research and development—U.K.
(a)related to a trade carried on by the company, or
(b)from which it is intended that a trade to be carried on by the company will be derived.
(2)For the purposes of this Schedule research and development related to a trade carried on by the company includes—
(a)research and development which may lead to or facilitate an extension of that trade, and
(b)research and development of a medical nature which has a special relation to the welfare of workers employed in that trade.
Modifications etc. (not altering text)
C3Sch. 20 para. 4 applied (24.7.2002 with effect as mentioned in s. 53(1) of the amending Act) by 2002 c. 23, s. 53, Sch. 12 para. 17(a)