Land Remediation Analysis
Who needs it?
Anyone incurring expenditure on brownfield sites or the refurbishment of existing properties. Land remediation can encompass expenditure on items such as asbestos removal and because a 150% tax credit is available for such expenditure it is always worthwhile to document the amount of such works.
What is it?
In order to encourage the development of brownfield sites the Government has introduced a tax credit regime to bring land in a contaminated state back into use for future development of real estate assets. However, the criteria for claiming this land remediation tax relief can be quite onerous. Capitus has developed a methodology which ensures that all the criteria for claiming is accurately documented and presented in a format which is acceptable to HMRC.
Please call 0121 447 8388 or e-mail enquiries@capitus.co.uk for queries on any of our services. We will personally get back to you. Our initial advice is free!
