Section 920 — Corporation Tax Act 2010: Capital allowances deductions: waste disposal and cemeteries

Capital allowances deductions: waste disposal and cemeteries 920 1 This section applies if any deduction is or has been allowed to the current lessor (“L”) in respect of capital expenditure incurred in connection with the leased asset as a result of—

a section 142 or 145 of CTA 2009 (preparation and restoration expenditure in relation to waste disposal site), or b section 147 of that Act (cemeteries and memorial gardens: deduction for capital expenditure).

2 L is treated as if trading receipts arose to L from the trade in question on the relevant occasion.

3 The amount of those receipts is equal to the lesser of—

a the amount or value of the major lump sum, and b the deductions previously allowed.