What is Land Remediation Relief?
HMRC Incentive
Land remediation relief is a corporation tax relief incentive to encourage companies who acquire contaminated or derelict UK land, from a third party, to return it to a productive state by investing in the decontamination or removal of derelict structures from the land.
What Relief is Available?
Businesses could receive a tax credit between 8p – 28.5p for every qualifying pound they have spent bringing the land back into a productive state over the previous two financial years.