CIRD60045 - Remediation of contaminated land: deduction for capital expenditure: when incurred

Capital expenditure on qualifying land remediation is incurred when it is recognised in the accounts of a company that are prepared in accordance with GAAP.

Under GAAP capital expenditure is not normally recognised until the relevant work, or service, is performed. If in any doubt as to what constitutes GAAP, Inspectors should refer the matter to their local Revenue Accountant.