http://www.legislation.gov.uk/ukpga/2009/4/section/1308Corporation Tax Act 2009An Act to restate, with minor changes, certain enactments relating to corporation tax; and for connected purposes.texttext/xmlenStatute Law Database2026-04-18Expert Participation2026-04-01 Corporation Tax Act 2009s. 1094(2A)-(2C)Finance Act 2012Sch. 3 para. 13(3)Corporation Tax Act 2009s. 1106(4A)-(4C)Finance Act 2012Sch. 3 para. 14(3)Corporation Tax Act 2009s. 322(2A)(zb)Finance Act 2016s. 73(5)Corporation Tax Act 2009s. 1058B(5)(ea)Neonatal Care (Leave and Pay) Act 2023Sch. para. 57s. 3(3)reg. 2 Part 20Chapter 213081Subsection (2) applies if a company—aincurs expenditure on research and development which is not of a capital nature, andbbrings the expenditure into account in determining the value of an intangible asset.2The expenditure is not prevented from being allowed as a deduction in calculating for corporation tax purposes the company's profits, just because it is brought into account as mentioned in subsection (1)(b).3Subsection (2) applies, in particular, for the purposes of—asection 87 (expenses of research and development), andbPart 13.4Subsection (5) applies if, in accordance with subsection (2), expenditure is both—abrought into account in determining the value of an intangible asset, andballowed as a deduction in calculating profits.5No deduction may be made in calculating for corporation tax purposes the profits of the company in respect of the writing down of so much of the value of the intangible asset as is attributable to the expenditure.6Subsection (2) does not allow expenditure as a deduction in calculating a company's profits for an accounting period so far as—aa deduction has been made in respect of it in calculating the company's profits for a previous accounting period, orbthe company has benefited from a tax relief in respect of it for a previous accounting period under Part 13.7In this section—“intangible asset” has the meaning it has for accounting purposes, and“research and development” has the meaning given by section 1138 of CTA 2010.Words in s. 1308(7) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 695 (with Sch. 2)