Land remediation relief applies to both revenue and capital expenditure incurred on the clean-up of contaminated or derelict land.
To find out more on what land remediation relief is and why it matters, watch our short video.
Read the transcript:
Land Remediation Relief. Land Remediation Relief applies to both revenue and capital expenditure incurred on the clean-up of contaminated or derelict land. It is often overlooked and can sometimes make a project financially viable. It applies to a range of contaminants, including those arising from industrial activity, asbestos removal, natural contaminants, such as arsenic and radon and Japanese knotweed.
Land Remediation Relief allows companies to claim a 150% corporation tax deduction, meaning they can pay less tax on qualifying expenditure, or if they are a loss-making business they can surrender the qualifying cost to claim a tax credit instead.
If you plan to remediate or have remediated any land, our team can quickly assess the potential value of additional tax relief. Find out how much more we can save you. Call Gateley Capitus on 0121 206 2343, or go to gateleycapitus.com.