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Income Tax (Trading and Other Income) Act 2005

Section 167: Site preparation expenditure: supplementary

692.This section contains the definitions of the expressions used in the waste disposal sections. Although the definitions are expressed to apply “for the purposes of sections 165 and 166”, the definition of “waste disposal licence” is also used to define a “site restoration payment” in section 168(5).

693.The section also sets out the rules for pre-trading expenditure. The section is based on sections 91B and 91BA of ICTA.

694.Subsection (1)(c) reflects the effect of the devolution settlements. See Change 19 in Annex 1.

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