½Û×ÓÊÓƵ

In addition to the deduction for the cost of the land remediation, the company can claim an additional deduction in computing its taxable profits. This additional deduction is available on both:

1. Ìý

   •ÌýÌýÌýÌý qualifying land remediation expenditure which is revenue nature and is allowable as a deduction in calculating for corporation tax purposes the profits of the business or the trade for the period

2. Ìý

   •ÌýÌýÌýÌý qualifying land remediation expenditure which is capital nature and for which an election has been made by the company to treat the expenditure as a deduction in computing its taxable profits (see D1.509)

This means that a maximum deduction of 150% on the qualifying spend is available – 50% of an enhanced deduction on top of the 100% deduction already available (under general corporation tax principles for revenue expenditure or by way of a valid election for capital expenditure).