Draft guidance on land remediation relief rules

With regards to the changes to land remediation relief announced in the 2008 Pre-Budget Report, HMRC first published details of the proposed amendments, together with the draft primary legislation.

More recently the department issued draft regulations, and it has now published draft guidance on the new rules.

The intention is that, as far as possible, companies will know whether or not they are entitled to relief on the basis of the risk assessments carried out as good practice in redeveloping land in a contaminated state.

HMRC are inviting interested parties to raise issues of how the legislation applies to a situation not covered in the draft guidance.

Comments should be submitted by 31 July 2009 to Brian Stokes, Room 3/36, 100 Parliament Street, London SW1A 2BQ.

Issue: 4206 / Categories: News , Companies