Qualifying land remediation expenditure means expenditure on land in the UK acquired by a company for the purposes of a trade or property business carried on by the company that satisfies the following conditions:
•The expenditure is incurred on land all or part of which is in a contaminated or a derelict state.
•The expenditure would not have been incurred if the land had not been in a contaminated or derelict state.
•The expenditure is:
•in the case of land in a contaminated state, expenditure on relevant contaminated land remediation undertaken by the company, or