Section 1167 | Payment of tax credit etc

(1)The provisions mentioned in subsection (2) have effect in relation to a BLAGAB tax credit subject to the modifications set out in subsection (3).^F1

(2)The provisions referred to in subsection (1) are—

section 1151(4) (payment of tax credit by officer of Revenue and Customs);

section 1155 (supplementary provision about payment of tax credit);

section 1156 (tax credit payment not income of company);

section 1157 (qualifying expenditure excluded for capital gains purposes).

(3)The modifications referred to in subsection (1) are as follows—

(a)for any reference to a land remediation tax credit substitute a reference to a BLAGAB tax credit, and^F2

(b)in section 1157(2) for the reference to qualifying land remediation expenditure substitute a reference to qualifying Chapter 4 expenditure.