CIRD60050 - Land Remediation Relief: contents
This section contains more detailed guidance on Land Remediation Relief.
If you only want a summary of Land Remediation Relief, see CIRD60005 onwards.
Individuals and partnerships
Land Remediation Relief is a corporation tax relief. It is available where companies acquire land in a contaminated or derelict condition.
The relief is not available to individuals or partnerships. However, a company that is a member of a partnership can make an election in respect of its share of the partnership’s land remediation expenditure provided it satisfies the relevant conditions.
Life Assurance Companies
There are special provisions that apply to insurance companies carrying on life assurance business. These can be found in the Life Assurance Manual at LAM4A.123, 6.111 and 12.24A
The guidance covers the following topics:
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Acquiring land |
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Timing of relief |
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Claims |
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Late claims |
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Real Estate Investment Trusts |
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Capital expenditure |
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Excluded from the relief |
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What is “land in a contaminated state”? |
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Derelict Land |
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Qualifying Land Remediation Expenditure |
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Tax Credit |
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Definitions |
