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Buy contaminated land in a company?

Provided certain conditions are met, capital expenditure incurred on the remediation of contaminated land may, by election, be written off in full against company profits in the year it is incurred. Only companies are entitled to this relief. In addition, qualifying revenue expenditure on the remediation of land will qualify for an enhanced deduction of 150% of the amount of the expenditure. For loss-making companies, the relief may take the form of a repayable tax credit.

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