Corporation Tax Act 2009 section 125

Part 14: expenditure incurred before 11 May 2001

Section 125 establishes that the tax relief rules for remediation of contaminated land do not apply to any expenditure incurred before 11 May 2001.

• Part 14 of the Act provides tax relief for the remediation of contaminated land
• This relief is not available for any expenditure incurred before 11 May 2001
• The cut-off date of 11 May 2001 is a firm boundary with no exceptions
• The pre-trading expenses rule in section 61 cannot be used to bring earlier expenditure within the scope of Part 14