Related Commentary  Related HMRC Manuals

142(1)  This section applies for the purpose of calculating the profits of a trade of a period of account in which waste materials are deposited on a waste disposal site if–

(a)the company carrying on the trade (“the trader”), or a predecessor, has incurred site preparation expenditure in relation to the site in the course of carrying on the trade, and

(b)at the time the trader first deposits waste materials on the site, the trader holds a waste disposal licence which is then in force.

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