Change of view on Land Remediation Relief (LRR)
HMRC has announced revised guidance on Land Remediation Relief (Brief 62/2008 - http://www.hmrc.gov.uk/briefs/company-tax/brief6208.htm).
The new guidance states:
“A substance means any natural or artificial substance, whether in solid or liquid form or in the form of a gas or vapour. Previously, we have taken the view that the term “substance” could not include a life-form. We now accept that a plant can be a substance for the purposes of Land Remediation Relief.”
A specific section will be included on Japanese Knotweed.
Date: 10th February, 2009
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