Commentary

D7.640 Housing grants

Corporate tax
Corporate tax | Commentary

D7.640 Housing grants

Corporate tax | Commentary

D7.640 Housing grants

Payments made under an enactment authorising the provision of financial assistance (by way of grants, or other contributions) towards expenses incurred in the provision, maintenance or improvement of housing or other residential accommodation are not treated as a receipt for any tax purpose1. This exemption would cover, for example, annual grants paid by the Exchequer or other local authority for the purpose of assisting the provision of housing.

This exemption does not apply to a payment in so far as it is made in respect of an expense giving rise to a deduction in computing

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial