Part 14Remediation of contaminated land

Chapter 3Land remediation tax credit

Amount of tax credit

1154Amount 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.