Land Remediation Relief was introduced by the Government to encourage businesses to bring contaminated and derelict land back into use. It can be used by businesses that are registered as a Company and who are buying already contaminated land – it does not apply if you are responsible for the contamination.

Both ground contamination and buildings or structures that are considered to be contaminated are covered, including buildings with asbestos and sites with Japanese knotweed.

The amount of relief you can claim depends on the nature of ownership and the type of the contamination, but potentially, you could receive 150% of the cost of remediation as tax relief or receive a payable tax credit. Importantly, LRR can also be claimed by developers as an enhanced cost of sale – the relief is not limited to just investors.

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Land Remediation Relief

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Birmingham

I trusted my accountant when they introduced me to another CA ‘specialist’ last year. Unfortunately, this company not only charged me a fortune but also landed me in trouble with HMRC. Fortunately, I met Joe who was not only able to mitigate the HMRC penalties but also found additional allowances from my other properties to cover the shortfall. Suffice to say I now have my go-to CA specialist… Plus a new accountant!

Developer & Investor

Joe has worked with us to win a number of tenders recently by helping us factor tax relief into our design proposals

London

fit-out contractor

Over the moon with what Joe and his team did for us. We’d had lots of R&D ‘salesmen’ contact us, but Joe was the first one to take the time to help us understand the R&D rules, then give us practical ways to improve the process in the future. Great service!

Manchester

ARCHITECTURAL ENGINEERS

Testimonials

Undertake due diligence on the property acquisition or expenditure to assess entitlement to claim
Work with your solicitor to include appropriate contract clauses to ensure any entitlement is secured upon a property purchase
Assist in project design to maximise available tax relief on any development works
Undertake property surveys to determine which assets are eligible for tax relief and to obtain photographic records for HMRC
Prepare a valuation report of the qualifying fixtures in accordance with tax and case law
Work with your accountant to ensure our reports reconcile to your tax computations