Part 3 INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX

Chapter 2 OTHER PROVISIONS

Other relieving provisions

70 Relief for expenditure on remediation of contaminated land

1

Schedule 22 to this Act (tax relief for expenditure on land remediation) has effect for accounting periods ending on or after 1st April 2001.

2

In that Schedule—

  • Part 1 provides for a deduction for certain capital expenditure in computing the profits of a Schedule A business or the profits of a trade for the purposes of Case I of Schedule D,

  • Part 2 provides for entitlement to relief,

  • Part 3 provides for the manner of giving effect to the relief,

  • Part 4 makes special provision for companies carrying on life assurance business, and

  • Part 5 contains supplementary provisions.

3

Schedule 23 to this Act (which contains consequential amendments) has effect accordingly.