Related Commentary  Related HMRC Manuals

1161(1)  A company is entitled to relief for an accounting period if conditions A, B and C are met.

1161(2)  Condition A is that a major interest in land in the United Kingdom is a management asset of the company.

1161(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 by the company of a major interest in the land, 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–

(i)1 April 1998, and

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