HM Revenue and Customs Brief 07/10
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Land Remediation Relief: Publication of Guidance
Readership:
This Revenue & Customs Brief is of interest to bodies liable to Corporation
Tax carrying out remediation work on land in the UK.
With this brief HMRC publish a copy of the guidance on Land Remediation
Relief which has been revised to reflect legislative changes in FA09.
Background:
On 12 May 2009, HMRC published for comment draft guidance on the amended Land
Remediation Relief in Revenue & Customs Brief 29/09.
HMRC thanks all those who provided feed-back on the draft guidance. In
addition HM Treasury thanks those who provided additional feed-back on the
underlying policy.
HMRC is today publishing
revised
guidance on Land Remediation Relief (PDF 350K). This replaces the draft
guidance published in Revenue & Customs Brief 29/09. Subject to minor changes,
such as paragraph numbers, this version will be incorporated into the Corporate
Intangibles and Research & Development Manual (CIRD manual).
HMRC will also be publishing a page on Land Remediation Relief in the
Business Income Manual. This will explain the basics of the relief and provide
directions to the main guidance in the CIRD manual.
The policy intention is that, as far as possible, companies will know whether
or not they are entitled to relief on the basis of the risk assessments carried
out as good practice in re-developing land in a contaminated state.
HMRC recognise that the guidance may require revision in light of practical
experience. HMRC therefore invites interested parties to continue to raise
issues either not covered in the current guidance or whose coverage may be
improved.
Comments should be submitted to:
Brian Strokes
Room 3/36
100 Parliament Street
London
SW1A 2BQ
Telephone: 020 7147 2546
Email:Brian Stokes
About the Author
© Crown Copyright 2010.
A licence is needed to reproduce this article and has been republished for
educational / informational purposes only. Article reproduced by permission of
HM Revenue & Customs under the terms of a Click-Use Licence. Tax briefs are
updated regularly and may be out of date at time of reading.
