Income Tax (Trading and Other Income) Act 2005 section 44-46

Waste disposal

Sections 44 to 46 set out transitional rules that modify how the waste disposal site preparation expenditure deductions work for businesses with certain historical start or cessation dates.

• Where a predecessor business ceased trading or stopped operating at a site before 21 March 2000, the current trader cannot rely on predecessor expenditure when claiming site preparation deductions under section 165.
• For trades that started before 1 April 1993, the definition of "waste disposal licence" is narrower and excludes radioactive waste disposal and nuclear site authorisations or licences.
• The supplementary provisions in section 167(2) do not apply to trades that started before 1 April 1993.
• These transitional provisions effectively preserve the tax treatment that applied under earlier legislation for long-established waste disposal businesses.