Land Remediation Explained

Introduced in 2001, Land remediation relief (LRR) is a generous corporation tax relief available to land owners (investors and developers) incurring expenditure on the remediation of contaminated land, including derelict structures.

The scheme is provided to encourage the clean-up of Brownfield and contaminated sites

and bring them back into

economic use.

Land remediation relief is calculated on 150% of qualifying expenditure. Property investors and land owners are able to claim the full 150% in the year in which the expenditure was incurred.

Enquire Now

The types of relief
are as follows:

Owner occupier / investor rate - 150%

  • Developer rate - 50%

  • For loss making companies a tax credit
    (cash in hand) can be claimed-24%

Enquire Now

The costs included remediation of contaminated land
such as:

  • Asbestos

  • Japanese Knotweed

  • Radon

  • Arsenic

  • Removal of structures predating 1998

  • Some natural occurring substances
    (less developed sites)

This includes Developments, Refurbishments, Fit-outs and Regeneration Projects. The relief can be backdated two financial years.

Enquire Now

Get in touch.