Section 65B: Expenditure incurred on specialised software and
This section is inserted by Finance Act 2021, section 38.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
65B. Expenditure incurred on specialised software and
systems
(1) Subject to subsection (2), where, in an income
year, a company incurs expenditure for the acquisition of
specialised software and systems, it may deduct, from its
gross income, twice the amount of such expenditure incurred
in that income year.
(2) Where a company claims a deduction in respect
of specialised software and systems under this section, it
shall not be entitled to annual allowance in respect of the
expenditure under section 63.
(3) In this section –
“specialised software and systems” means such
software and systems as may be prescribed.
Acts 2021 341
(p) by inserting, after section 67K, the following new sections –