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There are currently no known outstanding effects for the Capital Allowances Act 2001, Section 270BG.
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(1)Expenditure incurred—
(a)on the acquisition of land or rights in or over land, or
(b)on altering land,
is “excluded expenditure” for the purposes of this Part.
(2)Expenditure incurred on, or in connection with, seeking planning permission (including fees and related costs) is “excluded expenditure” for the purposes of this Part.
(3)In subsection (1), the reference to expenditure incurred on an acquisition includes a reference to—
(a)fees,
(b)stamp duty land tax, land and buildings transaction tax or land transaction tax, and
(c)other incidental costs attributable to the acquisition.
(4)For the purposes of subsection (1), “altering land” means—
(a)land reclamation,
(b)land remediation, and
(c)landscaping (other than so as to create a structure).
(5)In this section “land remediation” means—
(a)in relation to land which is in a contaminated state—
(i)activities in respect of which conditions A to C in section 1146 of CTA 2009 (contaminated land remediation) are met, and
(ii)relevant preparatory activity as defined in subsection (4) of that section;
(b)in relation to land which is in a derelict state—
(i)activities in respect of which conditions A and B in section 1146A of CTA 2009 (derelict land remediation) are met, and
(ii)relevant preparatory activity as defined in subsection (5) of that section.
(6)In subsection (5), references to land in a contaminated or derelict state have the same meaning as they have for the purposes of Part 14 of CTA 2009 (remediation of contaminated or derelict land).
(7)Subsection (1)(b) is subject to section 270BK (preparation of sites).
(8)In this section, except in subsections (4)(b), (5) and (6), “land” does not include buildings or structures.
(9)In this section—
“planning permission” has the meaning given by the relevant planning enactment;
“relevant planning enactment” has the meaning given by section 436(2).]
Textual Amendments
F1Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2
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