Part 3U.K.Trading income

Modifications etc. (not altering text)

Chapter 9U.K.Trade profits: other specific trades

Waste disposalU.K.

144Site preparation expenditure: supplementaryU.K.

(1)For the purposes of this section and sections 142 and 143 “waste disposal licence” means—

(a)a disposal licence under Part 1 of the Control of Pollution Act 1974 (c. 40) or Part 2 of the Pollution Control and Local Government (Northern Ireland) Order 1978 (S.I. 1978/1049 (N.I. 19)),

(b)a waste management licence under Part 2 of the Environmental Protection Act 1990 (c. 43) or any corresponding provision for the time being in force in Northern Ireland,

(c)a permit under regulations under—

(i)section 2 of the Pollution Prevention and Control Act 1999 (c. 24), or

(ii)Article 4 of the Environment (Northern Ireland) Order 2002 (S.I. 2002/3153 (N.I. 7)),

[F1(d)an authorisation under the Radioactive Substances Act 1960 (c. 34) or the Radioactive Substances Act 1993 (c. 12) for the disposal of radioactive waste, or]

(e)a nuclear site licence under the Nuclear Installations Act 1965 (c. 57).

(2)For the purposes of this section and sections 142 and 143—

  • “site preparation expenditure”, in relation to a waste disposal site, means expenditure incurred on preparing the site for the deposit of waste materials, and

  • “waste disposal site” means a site used, or to be used, for the disposal of waste materials by their deposit on the site.

(3)For the purposes of sections 142 and 143, expenditure incurred for the purposes of a trade by a company about to carry on the trade is treated as if it were incurred—

(a)on the date on which the company starts to carry on the trade, and

(b)in the course of carrying it on.

Textual Amendments