Part 14Remediation of contaminated F1or derelict land
Chapter 4Special provision for F2BLAGAB
Words in Pt. 14 Ch. 4 heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 195
F4BLAGAB company tax credits
Words in s. 1164 cross-heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 200
1167Payment of tax credit etc
1
The provisions mentioned in subsection (2) have effect in relation to F3a BLAGAB tax credit subject to the modifications set out in subsection (3).
2
The provisions referred to in subsection (1) are—
section 1151(4) (payment of tax credit by officer of Revenue and Customs);
section 1155 (supplementary provision about payment of tax credit);
section 1156 (tax credit payment not income of company);
section 1157 (qualifying expenditure excluded for capital gains purposes).
3
The modifications referred to in subsection (1) are as follows—
a
for any reference to a land remediation tax credit substitute a reference to F5a BLAGAB tax credit, and
b
in section 1157(2) for the reference to qualifying land remediation expenditure substitute a reference to qualifying Chapter 4 expenditure.
Words in Pt. 14 heading inserted (with effect in accordance with Sch. 7 paras. 27, 28 of the amending Act) by Finance Act 2009 (c. 10), Sch. 7 para. 2