Under Land Remediation Relief you can offset some of the costs incurred when bringing long term derelict land back into productive use.
The land has to be:
- In the UK and owned by the claimant
- Long term derelict since the purchase or 1st April 1998, whichever is earliest
- Not in a productive state and the only way to reinstate productivity would be to remove buildings or structures
Temporary use – Where land use is very limited (less than seven days a year) and no substantial income is generated, then the land could still qualify for land remediation relief.
Employees, subcontractors and material costs for:
- Establishing which of the below redundant structures are present and the cost of removing them (This investigation stage is essential and businesses can only claim for land remediation relief if they carried this out)
and the costs of removing only the following specific structures:
- Post tensioned concrete heavyweight construction
- Building foundations and machinery bases
- Reinforced concrete pilecaps
- Reinforced concrete basements
- Below ground redundant services (exclusively gas, water, drainage, sewerage, electricity and telecommunications)
Derelict Land Exclusions
- The claimant company, their tenant or a party connected with the company cannot have been responsible for abandoning and allowing the site to go derelict.
- Subsidised Expenditure – if a business received a grant or subsidy for their land remediation costs, that amount cannot be claimed for, however, if the cleanup costs exceeded this funding, they can claim for the balance.