Commentary

D1.512 Tax credit

Corporate tax
Corporate tax | Commentary

D1.512 Tax credit

Corporate tax | Commentary

D1.512 Tax credit

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.

A 'qualifying land remediation loss' arises for an accounting period in which the company is entitled to relief under the provisions described in D1.511 above and incurs a loss in the trade or UK property business concerned3. The amount of the qualifying land remediation loss is the lesser of:

  1.  

    •     150% of the related qualifying land remediation

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