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.