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HMRC internal manual

Business Income Manual

Specific deductions: Flood and erosion projects: Qualifying projects

S86B (2) Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005)

S86B (2) Corporation Tax Act 2009 (CTA 2009)

 

 

A flood or coastal erosion risk management project is a qualifying project if -

 

(a) an English risk management authority has applied to the Environment Agency for a grant under section 16 of the Flood and Water Management Act 2010 in order to fund the project, and the Environment Agency has allocated funding by way of grant-in-aid to the project or

(b) the Environment Agency has determined that it will carry out the project and the Environment Agency has allocated funding by way of grant-in-aid to the project