Our tax specialist collaborates with our surveyor in this specialist area of corporate tax relief, which is a relief from corporation tax only. It provides a deduction of 100%, plus an additional deduction of 50%, for qualifying expenditure incurred by companies in cleaning up land acquired from a third party in a contaminated state.
Land or buildings are in a contaminated state if there is a contamination present as a result of industrial activity such that:
it is causing relevant harm; or
there is a serious possibility that it could relevant harm, or
it is causing, or there is a serious possibility that it could cause, significant pollution in the groundwater, streams, rivers or coastal waters.
● Remediation of contaminated land.
● Treatment of harmful organisms and naturally occurring contamination, such as Japanese knot weed.
● Breaking out of buried structures.