Part 11 Contributions
Chapter 1 Exclusion of expenditure met by contributions
Exceptions to the general rule excluding contributions
535 Insurance or compensation money
A person is to be regarded as having incurred expenditure (despite section 532(1)) to the extent that it is met (directly or indirectly) by—
(a)
insurance money, or
(b)
other compensation money,
payable in respect of an asset which has been destroyed, demolished or put out of use.