WHAT IS IT?


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.

Qualifying Cost Can Include:


    Remediation of contaminated land.

    Treatment of harmful organisms and naturally occurring contamination, such as Japanese knot weed.

    Breaking out of buried structures.


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