Land remediation

My client has incurred expenditure for clearing a derelict former industrial site. Is there any tax relief available for these costs?

Land remediation relief may be claimed on qualifying costs relating to the removal of hazardous materials or substances arising from former industrial usage. The scheme is otherwise commonly referred to as contaminated land relief, and may be claimable where the purchaser of land incurs expenditure in removing industrial materials in order to bring the land safely into commercial usage once again.

Qualifying costs include, but are not restricted to, expenditure relating to the removal of asbestos, knotweed, or other contaminants such as petrol and diesel. From this, claims allow an additional 50% relief on qualifying expenditure. Other, less obvious, costs may be eligible if connected to the removal of such substances.
Claims can be made by companies, but not partnerships or sole traders. Claims cannot be made if the contamination was caused by activities undertaken by the claimant company itself.

Abbey Tax is able to help your client maximize their land remediation relief claim. For a free no-obligation initial consultation to determine the potential value of a claim, call 0114 236 4457.
The information provided on this site is of a general tax nature and may not apply to any particular set of facts or under all circumstances. It should not be construed as tax advice and does not constitute an engagement of Abbey Tax. Tax laws are constantly changing. The information on this site was accurate at the time of posting and we make every effort to keep it current, however we are not responsible for outdated material.