87 Expenses of research and development
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Scientific research

87  Expenses of research and development

(1)     If a person carrying on a trade incurs expenses of a revenue nature on research and development—

(a)     related to the trade, and

(b)     directly undertaken by or on behalf of the person,

a deduction is allowed for the expenses

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