Part 8Other reliefs
Chapter 4F3Annual payments ...
C1449Relief for other persons
1
This section applies to a payment made in a tax year if—
a
the person who makes it is not an individual,
b
c
the payment is not deductible in calculating the person's income from any source.
2
The person who makes the payment is entitled to relief for the tax year equal to the gross amount of the payment.
3
But this is subject to the restrictions in subsections (4) and (5)F1....
4
Relief is not given for the payment so far as it is ineligible for relief (see section 450).
5
The total amount of relief given under this section to a person for a tax year cannot be greater than the amount of the person's modified net income for the tax year (see section 1025).
6
The relief is given by deducting the amount of the relief in calculating the person's net income for the tax year (see Step 2 of the calculation in section 23).
Words in Pt. 8 Ch. 4 heading omitted (with effect in accordance with s. 15(5) of the amending Act) by virtue of Finance Act 2013 (c. 29), s. 15(4)(c)