Land remediation tax credit

This section is accessed via the data input tab within the tax return to claim Land Remediation Tax Credit.

  • Enhanced expenditure (from trade)‘ This field shows the enhanced expenditure from the Land remediation enhanced expenditure window.
  • ‘Less: Excluded amount’ Enter any amount that is excluded for tax credits.
  • Qualifying enhanced expenditure (a)‘ This field shows the qualifying enhanced expenditure.
  • Land remediation loss for accounting period (b)‘ Enter the losses on land remediation for the accounting period.
  • Amount qualifying for tax credit (lower of a and b)’ This field shows the amount qualifying for tax credit.
  • ‘Land remediation tax credit (@16%)‘ This field shows the tax credit calculated.