Section 1154 | Amount of tax credit

(1)The amount of the land remediation tax credit to which a company is entitled for an accounting period is 16% of the amount of the qualifying land remediation loss for the period.

(2)The Treasury may by order replace the percentage for the time being specified in subsection (1) with a different percentage.

(3)An order under subsection (2) may contain incidental, supplemental, consequential and transitional provision and savings.