Section 1162 — Corporation Tax Act 2009: Additional relief

Additional relief 1162 1 If a company is entitled to relief under section 1161 for an accounting period it is also entitled to relief under this section for the period.

2 For the company to obtain the relief it must make a claim.

3 The relief is that the company may treat 50% of the qualifying Chapter 4 expenditure for the purposes of section 76 of FA 2012 as deemed BLAGAB management expenses for the accounting period .

4 For the purposes of this Chapter “ the qualifying Chapter 4 expenditure ” means—

a the company's qualifying land remediation expenditure for the accounting period, less b the amount (if any) of the expenditure which, for the purposes of section 76 of FA 2012, is not an ordinary BLAGAB management expense of the company referable to the accounting period as a result of the application of section 77(2)(b) of that Act .