Part 11 Contributions
Chapter 1 Exclusion of expenditure met by contributions
Rules excluding contributions
C2532 The general rule excluding contributions
1
For the purposes of this Act, the general rule is that a person (“R”) is to be regarded as not having incurred expenditure to the extent that it has been, or is to be, met (directly or indirectly) by—
a
a public body, or
b
a person other than R.
2
In this Chapter “public body” means the Crown or any government or public or local authority (whether in the United Kingdom or elsewhere).
3
The general rule does not apply for the purposes of Part 9 (dredging allowances).
4
The general rule is subject to the exceptions in sections 534 to 536.
533 Exclusion of contributions to dredging
1
For the purposes of Part 9, a person (“D”) who has incurred expenditure is to be regarded as not having incurred it for the purposes of a trade carried on or to be carried on by D to the extent that it has been, or is to be, met (directly or indirectly) by—
a
a public body, or
b
capital sums contributed by another person for purposes other than those of D’s trade.
2
Subsection (1) is not subject to the exceptions in sections 534 to 536.