Related Commentary  Related HMRC Manuals

1149(1)  A company is entitled to corporation tax relief for an accounting period if each of conditions A to D is met.

1149(2)  Condition A is that a major interest in land in the United Kingdom is, or has been, acquired by the company for the purposes of a UK property business or a trade carried on by it.

1149(3)  Condition B is that–

(a)in the case of land in a contaminated state, the land was in a contaminated state at the time of the acquisition, and

(b)in the case of land in a derelict state, the land was in a derelict state throughout the period beginning with the earlier of–

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