CAA01/S534 (see CA14200) states that a person who receives
certain Northern Ireland regional development grants to purchase
plant is treated as having incurred the expense themselves.
If a deduction is claimed on a renewals basis (see
BIM46935) the deduction should not be
restricted by the amount of the grant received.
A development grant paid to a builder in respect of a building to be occupied by a trader is treated as a taxable receipt in the hands of the builder.
