Land remediation tax credit section (CT600)
This section is accessed via the Data Input tab within the tax return to claim Land Remediation Tax Credit.
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Enhanced expenditure (from trade) – this field shows the enhanced expenditure from the Land remediation enhanced expenditure screen.
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Enter any amount that is excluded for tax credits.
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Qualifying enhanced expenditure (a) – this field shows the qualifying enhanced expenditure.
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Enter the Land remediation loss for accounting period (b) amount.
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Amount qualifying for tax credit (lower of a and b) – this field shows the amount qualifying for tax credit.
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Land remediation tax credit (@16%) – this field shows the tax credit calculated.