Explanatory Notes

Corporation Tax Act 2009

2009 CHAPTER 4

26 March 2009

Commentary on Sections

Part 19: General exemptions

Overview

Section 1284: Housing grants

3289.This section exempts from corporation tax grants paid under legislation intended to assist in providing, maintaining or improving housing. It is based on section 578 of ICTA. The corresponding rule for income tax is in section 769 of ITTOIA.

3290.Subsection (1) reflects the effect of the devolution settlements. See Change 15 in Annex 1.