000			01408cam a2200265 4500
001			WB4001-31
008			031223n2003 000 0 eng u
035			_a(Sirsi) u124688
245			_aTax breaks for derelict land and commercial property
260			_c2003
490			_aProperty Week _v68(49) 12 December 2003, 2(1)
520			_aNew tax incentives aimed at the redevelopment of long-term derelict sites and the refurbishment of commercial premises in the UK's 2 000 enterprise areas have been unveiled in the pre-Budget Report. The so-called contaminated land tax credit, subject to clearance under EU state aid rules, will be extended to include all long-term derelict land, with developers being eligible for tax allowances equal to remediation work costs. Businesses based in the enterprise areas will be allowed capital allowances for renovation work to bring buildings back into use. The pre-budget report and supporting documents are available at http://www.hm-treasury.gov.uk/pre_budget_report/prebud_pbr03/prebud_pbr03_index.cfm
590			_aWB
650			_aPROPERTY-COMMERCIAL PROPERTY
650			_aTAX CREDITS
650			_aDERELICT LAND
650			_aCONTAMINATED LAND TAX CREDIT
650			_aCAPITAL ALLOWANCES
650			_aDEPRIVED AREAS
650			_aENTERPRISE AREAS
650			_aREMEDIATION
650			_aREDEVELOPMENT
690			_aREGENERATION
942			_n0
999			_c74000 _d74000