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Legislation
Corporation Tax Act 2009

Crossheading Supplementary

  • Section 1155 Payment of tax credit
  • Section 1156 Tax credit payment not income of company
  • Section 1157 Exclusion for capital gains purposes of certain expenditure
  • Section 1158 Restriction on losses carried forward where tax credit claimed
  1. Supplementary
  2. Exclusion for capital gains purposes of certain expenditure

Section 1157 | Exclusion for capital gains purposes of certain expenditure

From legislation.gov.uk

(1)This section applies if in an accounting period a payment is made to a company in respect of a land remediation tax credit.

(2)The qualifying land remediation expenditure in respect of which the payment is made is to be treated as if it were excluded by section 39 of TCGA 1992 from the sums allowable under section 38 of that Act.

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