Qualifying contamination

The relief includes the cost of cleaning-up harmful substances, or the removal of structures, to allow for the land to be put to productive use. Companies with qualifying land remediation losses for an accounting period can make a claim to surrender that loss, in return for a payment of land remediation tax credit.

QUALIFYING CONTAMINATION

JAPANESE KNOTWEED

ASBESTOS

GROUND/ LANDFILL GASSES

RADON PROTECTION MEASURES

HEAVY METAL CONTAMINANTS

ARSENIC

SULPHATE CONTAMINATION

HYDROCARBON CONTAMINATION

DERELICT LAND RELIEF

Derelict Land Relief (DLR) was introduced as an incentive to encourage companies to bring uninhabited sites in the UK back into productive use. To qualify, the site must have been listed as being derelict since 1998 on the National Land Use Database.

Like LRR, it provides a 150% uplift on qualifying expenditure. Expenditure is incurred on both the preparatory work and the removal of structures left from the previous occupant. This can include the removal of:

Building foundations/machinery bases
Post-tensioned concrete
Reinforced concrete pile caps
Reinforced concrete basements
Below ground redundant services