Part 1 Amendments of Part 14 of CTA 2009
Finance Act 2009 (2009 c 10) | Legislation

SCHEDULE 7 Contaminated and Derelict Land

Section 26

Part 1 Amendments of Part 14 of CTA 2009

1

Part 14 of CTA 2009 (remediation of contaminated land) is amended as follows.

2

In the heading of the Part, after “CONTAMINATED†insert “OR DERELICTâ€.

3

(1)     Section 1143 (overview of Part) is amended as follows.

(2)     In subsection (1), after “contamination†insert “or derelictionâ€.

(3)     In subsection (7), after “contaminated†insert “or derelictâ€.

4

(1)     Section 1144 (“qualifying land remediation expenditureâ€) is amended as follows.

(2)     In subsection (1), for “E†substitute “Fâ€.

(3)     In subsection (2), insert at the end “or a derelict state (see section 1145A)â€.

(4)     In subsection (3), after “contaminated†insert “or derelictâ€.

(5)     For subsection (4) substitute—

“(4)     Condition C is that it is—

(a)     in the case of land in a contaminated state, expenditure on relevant contaminated land remediation undertaken by the company (see section 1146), or

(b)     in the case of land in a derelict state, expenditure on relevant derelict land remediation so undertaken (see section 1146A).â€

(6)     In subsection (5), for paragraph (c) (and the “or†before it) substitute—

“(c)     incurred in respect of relevant

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