Waste disposal: site restoration: expenditure not allowable
S168 Income Tax (Trading and Other Income) Act 2005, S145 Corporation Tax Act 2009
No deduction is allowable for any part of a site restoration payment (see BIM67540) that represents:
- expenditure allowed as a deduction for any period before that in which the payment was made;
- expenditure that qualifies for capital allowances.
No deduction is allowable if the payment arises from arrangements to which the trader is a party and the main purpose, or one of the main purposes, of the arrangements is to obtain a deduction under the site restoration provisions.