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At Counting King, we specialise in helping businesses like yours navigate the complexities of Land Remediation Tax Relief.
Our team of experts will guide you through every step of the process, ensuring you maximise your claim and turn your land into a valuable asset.
At Counting King, our commitment to providing the best and most compliant tax advice has garnered numerous industry accolades, and these awards underscore our dedication to excellence in Land Remediation Tax Relief, customer service, and business funding solutions. However, our award-winning Tax Analysts equip clients with the insights and support necessary to manage complex government tax incentives, ensuring fully compliant applications for businesses here in the UK and overseas, ensuring our reputation for compliance and ethics is always at the forefront.
Many businesses often wonder, what happens if HMRC decide to ask questions about the application or worse, fear an investigation. Although this is extremely rare, we outline in our service agreement to you, that we will defend each and every application to HMRC at no additional cost. The reason we are so confident is that if, we didn’t believe your company qualified, we wouldnt submit it to HMRC in the first place.
Counting King boasts a team of seasoned professionals with extensive experience in handling Land Remediation Relief claims. Our experts are well-versed in the intricacies of the tax legislation and have successfully secured significant relief for numerous clients.
Our proven track record speaks for itself. We have helped numerous clients successfully navigate the complexities of Land Remediation Relief claims, securing substantial tax savings. Client testimonials and case studies highlight our dedication and success in this area.
Integrity and transparency are at the core of our operations. We maintain open and honest communication throughout the entire claim process, ensuring you are fully informed and confident in the steps we are taking. Our ethical approach guarantees that your claim is conducted in full compliance with HMRC guidelines.
We explain HMRC’s Land Remediation Tax Relief incentive and assess your land and property to determine eligibility.
Secure and protect your information by signing Counting King’s Client Agreement.
Our tax experts conduct a thorough investigation of the contamination and tailor a thorough application detailing the sites and costs involved to claim the maximum amount of tax relief.
We handle all the paperwork and ensure your claim is filed correctly with HMRC.
We’re with you every step of the way, from initial consultation to final approval.
Land Remediation Relief offers valuable tax incentives for companies undertaking the vital task of cleaning up contaminated land. Qualifying activities include remediating land contaminated by previous industrial use, addressing derelict land that has been unused since April 1998, and removing invasive species like Japanese Knotweed.
Additionally, expenses related to professional services such as site investigations and environmental surveys are eligible. By leveraging these tax benefits, businesses can turn environmental challenges into financial opportunities, driving both sustainability and profitability.
Expenses related to professional services required for the remediation process, including site investigation, environmental surveys, and consultancy fees directly linked to the remediation efforts.
Land that has been contaminated by previous industrial use, with substances such as asbestos, heavy metals, hydrocarbons, or other pollutants that pose a risk to the environment or human health.
Land that has been unused since 1 April 1998 and requires remediation to remove contaminants or dereliction to bring it back to a usable state.
Costs associated with the removal and treatment of Japanese Knotweed, an invasive plant species that can cause significant damage to property and infrastructure.
Land Remediation Tax Relief is a tax incentive provided by the UK government to encourage the clean-up and redevelopment of contaminated land. It allows companies to claim tax relief on the costs associated with remediating land that has been contaminated by previous industrial use.
Companies subject to UK Corporation Tax that own or lease land in the UK and incur costs to remediate contamination are eligible. The relief is available to both large and small companies, including property developers and investors.
Qualifying contamination includes substances that cause significant harm to the environment or human health, such as asbestos, heavy metals, and hydrocarbons. The land must have been acquired in a contaminated state, and the remediation must be necessary to bring the land back to a usable condition.
Eligible costs include expenses directly related to the remediation process, such as site investigation, removal of contaminants, and professional fees associated with the remediation work. Costs incurred in preventing or minimising contamination may also qualify.
Companies can claim an additional deduction of 50% of the qualifying remediation costs. Owners of land can claim up to 150% tax relief on eligible costs to remunerate the land. For loss-making companies, a cash tax credit of 16% of the qualifying costs can be claimed.
Claims are made through the company’s Corporation Tax return. Detailed records of the remediation work and associated costs must be maintained and submitted as part of the claim.
Yes, claims must be made within two years of the end of the accounting period in which the remediation costs were incurred.
Yes, relief can be claimed for both voluntary and statutory remediation work, as long as the land was contaminated at the time of acquisition and the remediation is necessary to bring the land back to a usable state.
Yes, certain costs are excluded, such as costs incurred in acquiring the land, costs related to the construction of new buildings, and costs that have already been subsidised or covered by other grants or reliefs.
Yes, Land Remediation Tax Relief can be claimed in conjunction with other tax incentives, such as R&D Tax Credits, or Embedded Capital Allowances, provided the costs are not double-counted.
To find out more, get in touch with our experts and download our free digital brochure today.
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Contact Us to learn more about our Tax Incentive solutions and how we can maximise your tax benefits.