Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Corporation Tax Act 2009 section 1045
Alternative treatment for pre-trading expenditure: deemed trading loss
Section 1045 allows a small or medium-sized enterprise that has not yet started trading to claim enhanced R&D tax relief on qualifying research and development expenditure incurred during the pre-trading period, by treating that expenditure as generating a deemed trading loss.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.