Commentary on Sections Overview Chapter 2: Reliefs for expenditure on contaminated land Section 1149: Additional deduction for qualifying land remediation expenditure
2952.This section entitles a company to make a claim increasing the deduction given in calculating its trade or UK property business profits if certain conditions are met. It is based on paragraphs 12 and 13 of Schedule 22 to FA 2001.
2953.Subsection (1) is a further example of Change 77 in Annex 1 where it is made clear that the additional relief applies only for corporation tax.
2954.This section applies to expenditure that is allowed as a deduction in computing taxable profits either as a normal revenue deduction or through the operation of section 1147. The relief increases the amount of the deduction by 50%.
2955.The additional deduction has to be claimed. There is no special procedure for making the claim. The ordinary rules in Part 7 of Schedule 18 to FA 1998 apply.