Land Remediation Relief allows businesses to claim relief of 150% of the clean-up cost from corporation tax for contaminated land, not caused or knowingly allowed by the company claiming, if the land is:
- located in the UK
- was acquired by the company to carry out its trade
- at the time it was acquired all or part of it was contaminated
- the contaminants are present as the result of industrial activity (although the Government is proposing to allow claims for the removal of naturally occurring radon and arsenic)
To see a detailed overview of how to claim Land Remediation Relief, please download the attached PDF. A full set of manuals can also be obtained from HM Revenue & Customs at www.hmrc.gov.uk