Measuring the profits (specific rules & practices) - receipts & deductions: Specific deductions - land remediation relief
Land Remediation Relief is a relief from Corporation Tax.
Land Remediation Relief provides a deduction of 100%, plus an additional deduction of 50%, for qualifying expenditure incurred:
- in cleaning up land that was in a contaminated state, or
- in bringing long term derelict land back into use.
The ‘polluter pays’ principle applies and the land must have been acquired from a third party in a contaminated or derelict state
The guidance on Land Remediation Relief is in the Corporate Intangibles and Research & Development Manual at CIRD60000 onwards.