Grants - P+M
02/08/1994
Query
Where a company is engaged in a food processing trade, as defined, and receives grants in respect of machinery and plant which it uses in that trade can the grants be excluded when calculating the capital allowances?
Decision
The grants may only be excluded in respect of machinery and plant which is used solely in the course of manufacturing processed food and which is not used in any other process.
Income Tax
Section 317, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT943040