Corporation Tax Act 2009 section 149C

Allowable deductions: memorials

Section 149C sets out the deductions that a crematorium trade can claim when proceeds from the sale of a memorial are brought into account as a trading receipt.

• When memorial sale proceeds are included in trade profits, the costs of producing the memorial (including any inscription) are deductible
• Production costs incurred by either the current trader or a predecessor qualify for the deduction
• Where the memorial is attached to a building used mainly for housing memorials, or where the memorial is the entire building, a further deduction of two-thirds of the associated building costs is allowed
• Associated building costs are calculated as the total building costs divided by the number of memorials the building can accommodate, or, if the memorial is the entire building, the full cost of that building