HC Deb 06 March 2002 vol 381 c398W
Ms Shipley

To ask the Chancellor of the Exchequer what fiscal incentives he provides to encourage the development of brownfield sites. [40421]

Mr. Boateng

Budget 2001 introduced a 150 per cent. accelerated tax credit for the costs of cleaning up contaminated land. It allows companies to claim an enhanced tax deduction for the costs that they incur in cleaning up contaminated sites acquired as part of their trade or schedule A business, and applies to expenditure on or after 11 May 2001.