Part 14Remediation of contaminated F1or derelict land
Chapter 3Land remediation tax credit
Entitlement and payment
1151Entitlement to and payment of tax credit
1
A company is entitled to a land remediation tax credit for an accounting period if it has a qualifying land remediation loss in the period (see section 1152).
2
For the company to obtain a land remediation tax credit in respect of all or part of the qualifying land remediation loss it must make a claim.
3
The amount of a land remediation tax credit to which the company is entitled is determined in accordance with section 1154.
4
If a company claims a land remediation tax credit to which it is entitled for an accounting period, an officer of Revenue and Customs must pay to the company the amount of the credit.
This is subject to section 1155.
5
See also section 1158, which restricts the carry forward of losses where a company claims a land remediation tax credit.
Words in Pt. 14 heading inserted (with effect in accordance with Sch. 7 paras. 27, 28 of the amending Act) by Finance Act 2009 (c. 10), Sch. 7 para. 2