HM Revenue and Customs Brief 07/10
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Land Remediation Relief: Publication of Guidance
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.
On 12 May 2009, HMRC published for comment draft guidance on the amended Land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HMRC thanks all those who provided feed-back on the draft guidance.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
HMRC is today publishing
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 This replaces the draft
guidance published in Revenue & Customs Brief 29/09.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
Comments should be submitted to:
100 Parliament Street
Telephone: 020 7147 2546
About the Author
© Crown Copyright 2010.
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educational / informational purposes only. Article reproduced by permission of
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updated regularly and may be out of date at time of reading.
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Article Published/Sorted/Amended on Scopulus 2010-03-08 14:34:56 in Tax Articles