CIRD60060 - Remediation of contaminated land: deduction for capital expenditure: elections

The legislation does not specify the form for making an election. However, the election must satisfy the following requirements:

• it is made by notice in writing to the Inland Revenue,
• it specifies the accounting period concerned, and
• it is submitted within two years of the end of that accounting period.

(FA01/SCH22/PARA1 (6), (7) and (8)).