CIRD68000 - Land Remediation Relief: Tax Credit: Contents

FA01/SCH22/PARA14 (1)

CTA09/S1151

A company that has a qualifying land remediation loss for an accounting period can make a claim to surrender that loss, or a part of that loss, in return for a payment of land remediation tax credit.

This applies both to a loss arising from cleaning up land in a contaminated state and (for expenditure incurred on or after 1 April 2009) to a loss arising from bringing long term derelict land back into productive use.

The tax credit paid to a company is not the company’s income for any tax purpose (FA01/SCH22/PARA18 and CTA09/S1156).

This section contains the following guidance:

1. CIRD68005

   Qualifying land remediation loss
2. CIRD68010

   Qualifying land remediation loss - unrelieved losses
3. CIRD68015

   Qualifying land remediation loss - example
4. CIRD68020

   Restriction of losses carried forward
5. CIRD68025

   Amount of tax credit
6. CIRD68030

   Claims
7. CIRD68035

   Amended claims
8. CIRD68040

   Set off against corporation tax
9. CIRD68045

   Arrears of PAYE or NI
10. CIRD68050

    Interest
11. CIRD68055

    Enquiries into returns
12. CIRD68060

    Changes in qualifying land remediation loss
13. CIRD68065

    Recovery of tax credit
14. CIRD68070

    Chargeable gains