Would you believe that contaminated and neglected land can be not only restored, but also provide tax benefits? Land remediation tax reduction is a great opportunity for investors and developers. You can reclaim 150% of your costs for cleaning and reclaiming land.

Definition of Land Remediation Relief

Land Remediation Tax Relief (LRTR) is a UK tax incentive programme that encourages the cleaning up and redevelopment of contaminated or abandoned land. This tax incentive is available to corporations only and offers a tax reduction of up to 1.5 times for the amount spent to clean up contaminated sites or buildings.

This relief is designed to encourage economic growth, improve environmental sustainability and transform areas into safe and productive spaces. For a Land Remediation Company, visit soilfix.co.uk/services/soil-and-groundwater-remediation

What constitutes land contamination for Land Remediation Relief?

When dealing with this relief, the question of what constitutes “Contamination” is often asked. Land and buildings can be considered ‘Contaminated’ due to industrial activity that would cause harm.

The harm that is relevant includes damage or death to living organisms or significant injuries to them, as well as water pollution and a negative effect on ecosystems. It also includes structural damage or other damage or interference to buildings or other properties, or interference which significantly affects their use. The removal of soil and water contaminated with harmful organisms and natural contaminants, as well as the treatment of harmful bacteria, are all included.

Land cannot be contaminated by the presence of living organisms, or decaying matter derived from them. Removal of animal droppings or burials is not considered a ‘Contamination.’