Commentary

D1.511 Deduction in computing profits

Corporate tax
Corporate tax | Commentary

D1.511 Deduction in computing profits

Corporate tax | Commentary

D1.511 Deduction in computing profits

A company may claim land remediation relief as a deduction in computing the profits of its business provided:

  1.  

    •     the claim is for an accounting period in which it is carrying on a UK property business or a trade, and

  2.  

    •     the company has incurred qualifying land remediation expenditure

The expenditure is treated as incurred when it is recognised in the accounts of the company, as prepared in accordance with generally accepted accounting practice. This will not normally be until the relevant work or service is performed1. The relief takes the form of a

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