Part L
Tax credits and other credits
Tax credits for payments, deductions, and family payments
LB 4BTax credit for R&D tax losses
A person has a tax credit for a tax year equal to their R&D loss tax credit under subpart MX (Tax credits for R&D tax losses) for the tax year.
Notes
- Section LB 4B: inserted (with effect on 1 April 2015 and applying for income years beginning on or after that date), on , by section 199(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).