Corporation Tax Act 2009 (c. 4)

Part 14 U.K. Remediation of contaminated land

Chapter 4 U.K. Special provision for life assurance business

Relief for qualifying Chapter 4 expenditure U.K.

1162 Meaning of “qualifying Chapter 4 expenditure” U.K.

For the purposes of this Chapter a company's “qualifying Chapter 4 expenditure” in an accounting period means—

(a) its qualifying land remediation expenditure in the period, less

(b) the amount (if any) which as a result of paragraph (a) of Step 1 in section 76(7) of ICTA is not to be brought into account at that step as expenses payable for the period.