Land Remediation
Relief
Land remediation relief is a tax relief available for a company that has undertaken works to remove or contain contamination that is present in, on, or under land and buildings, or has undertaken works to bring derelict land back into productive use.
We have expertise in analysing expenditure incurred on the remediation of acquired land and buildings, and advising on costs that are reclaimable.
Our Services
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Land Remediation Relief
What is
Land Remediation
Relief?
Land Remediation Relief (LRR) is amongst one of the most generous tax reliefs available to investors and property developers. The relief provides a tax deduction of up to 150% of the money spent on qualifying expenditure for remediating land and buildings.
This can include land contaminated by a past industrial activity or by some naturally occurring contaminants. LRR is also available costs for bringing land, that has been derelict since at least 1 April 1998, back into productive use.
Examples of
Contaminants
Radon
Arsenic
Japanese Knotweed
Asbestos
Buried Structures
Harmful Organisms
Removing Underground
Structures
Are You Eligible?
The legislation sets out a framework of conditions which must be satisfied to claim LRR. Typical beneficiaries would be investors, property developers, house builders and owner occupiers. There are 4 simple questions you can ask yourself to find out if you could be eligible.
Are you subject to corporation tax?
Is the land in the UK?
Do you have an interest in the land in question?
Can you confirm you were not the polluter of the land nor have a connection to the polluter?
Our Range of Services
We assist in reviewing both upcoming and historical property transactions to ensure the correct SDLT consideration is applied.
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We work with companies to identify R&D activity and submit successful claims.
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We can review your capital expenditure to ensure you maximised the tax reliefs available.
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We can assess your property pension portfolio to ensure the correct SDLT consideration was applied.
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We can help to structure your property portfolio correctly which can potentially result in significant tax savings.
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Enquire Today!
We’re well positioned to help with any of your tax enquiries, call or email the team to find out more.
Call Us 0121 309 0222