If in an accounting period a company has a 'qualifying land remediation loss' (see below), it may claim a 'land remediation tax credit' equal to 16% of the amount of that loss1. This percentage is subject to revision by Treasury order2.
There are anti-avoidance provisions (see D1.515) for manufactured or inflated claims to the credit.
A 'qualifying land remediation loss' arises for an accounting period in which the company has made a valid claim and obtained an additional 50% deduction in calculating the profits of its UK property business or its trade under the provisions described in D1.511 above and incurs a loss in the trade or UK property business concerned3. It does not matter whether the additional 50% deduction was obtained in respect of capital
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Web page updated on 17 Mar 2025 17:12