CIRD13030 - Core computational rules: taxable credits: receipts recognised as they accrue: grants

FA02/SCH29/PARA102 - 103

Grants, subsidies and similar receipts, recognised as accounting gains as they arise, normally give rise to taxable credits under Schedule 29 in the same way as other receipts in respect of intangible assets. But the general exemption from CT of certain grants made in Northern Ireland out of UK public funds is preserved under Schedule 29. The grants in question are those described in CA14200. Accounting gains in respect of those grants do not therefore give rise to taxable credits under Schedule 29.

See CIRD12725 for the treatment of grants netted off against capitalised expenditure on intangible assets.