Section 357Q — Corporation Tax Act 2010: Introduction and interpretation

Introduction and interpretation 357Q 1 This Chapter makes provision about the operation of Part 14 of CTA 2009 (remediation of contaminated or derelict land) in relation to expenditure incurred by a company in an accounting period in which it is a Northern Ireland company.

2 In this Chapter—

a “ Northern Ireland expenditure ” means expenditure incurred in a trade to the extent that the expenditure forms part of the Northern Ireland profits or Northern Ireland losses of the trade;

b “ qualifying land remediation expenditure ” has the same meaning as in Part 14 of CTA 2009 (see section 1144 of that Act);

c “ Northern Ireland qualifying land remediation expenditure ” means so much of any qualifying land remediation expenditure as forms part of the Northern Ireland profits or Northern Ireland losses of a trade.