Corporation Tax Act 2009 section 144

Site preparation expenditure: supplementary

Section 144 provides the key definitions used in the waste disposal site preparation rules and explains how pre-trading expenditure is treated for the purposes of those rules.

• A "waste disposal licence" covers licences or permits issued under various UK environmental and nuclear legislation, including the Environmental Protection Act 1990 and the Nuclear Installations Act 1965.
• "Site preparation expenditure" means spending on preparing a waste disposal site for the deposit of waste materials.
• A "waste disposal site" is any site used, or intended to be used, for disposing of waste materials by depositing them on the site.
• Where a company incurs site preparation expenditure before it formally starts trading, that expenditure is treated as if it were incurred on the date the trade begins and in the course of carrying on that trade.