Land Remediation Relief
What is Land Remediation Relief?
Claim up to 150% of qualifying expenditure against corporation tax for companies, significantly reducing your tax liability.
Loss-making companies can surrender losses for a 16% tax credit, providing immediate financial benefits during development.
Relief applies to costs associated with removing contaminants, asbestos, and addressing long-term dereliction issues.
Qualifying Contaminated Land Criteria
Land must contain substances causing relevant harm or potential harm to human health, buildings, or the environment.
Contamination must not have been caused by your company. Historical industrial use or previous owners’ activities qualify.
The land must be acquired for commercial purposes, including residential development for sale or rent.
Eligible Remediation Costs
- Environmental surveys, soil testing, and contamination mapping expenses
- Excavation, treatment, and disposal of contaminated materials
- Transportation and disposal of hazardous substances
- Environmental consultant fees and regulatory compliance costs
- Asbestos removal and addressing structural issues in derelict buildings
