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Land Remediation Relief
Unlock your business’s potential by accessing valuable Land Remediation Relief with our expert guidance—driving sustainability and growth through bespoke financial solutions.
Who we help
- Hospitality
- Retail
- Financial Services
- Healthcare
- Technology
- Manufacturing
- Construction & Property
- Tradespeople
Construction & Property
From specific government laws to payroll and cash flow, construction and property can be a complex industry to work in. But, it doesn’t have to be. Get in touch to see how we can support you, whether it's payroll or assistance with the Construction Industry Scheme, we are here to help.
Find Out MoreManufacturing
Do you need support to keep your manufacturing business in the competitive landscape? We understand the unique needs of the manufacturing sector and we are here to help. Whether you need business advice or support with tax compliance, we can help.
Find Out MoreHospitality
In today's tough times, the hospitality sector is facing some of the most impacting challenges yet. Mastering the art of financial management is crucial for your business to thrive. We can help from payroll to business advice, Pulse Accountants provides the full service.
Find Out MoreRetail
Dedication is key in the retail sector, whether that means you, your employees, or the finance team. Our experts can be exactly that, and more. From cash flow to payroll, we are here to help you not only manage your profits but to maximise them.
Find Out MoreFinancial Services
Are you a client affected by FCA regulations? We combine our expertise and our knowledge of the issues our clients in the financial sector are facing, to help them optimise their business while staying within regulations.
Find Out MoreHealthcare
Are you a business that is suffering from the impact that has been made on your finances? Our knowledgeable team is here to provide you with the support you need. Put your finances in the hands of an expert and watch your business grow to its full potential.
Find Out MoreTechnology
The technology sector is ever-changing so you need an expert that can keep up with the fast-paced nature of the industry. Our tech specialists are here to not only meet your business needs but to exceed your expectations.
Find Out MoreTradespeople
Our Trades support team holds a full range of practical and advisory services. Supporting a company effectively requires understanding its unique business challenges and culture. We can only guarantee the best from our experienced experts. Contact us today to view our services and how we can optimise your business.
Find Out MoreWant to know more?
Find out more from the FAQ section at the bottom of the page or speak to one of our experts and they will answer any questions you may have.
Get in TouchEverything you need to know about expert Land Remediation relief
What is Land Remediation Relief?
Land Remediation Relief (LRR) is a UK tax incentive designed to support businesses that clean up contaminated land. This tax relief scheme allows businesses to claim tax deductions on the costs of removing hazardous materials or treating polluted sites. It aims to encourage the redevelopment of brownfield land and derelict land, and mitigate environmental risks by reducing the financial burden of land remediation projects, ensuring the productive use of previously uninhabitable areas.
Who is eligible for Land Remediation Relief?
Any business that incurs costs for cleaning up contaminated land may be eligible for LRR. This includes property developers, environmental contractors, and landowners. It applies to both private and public-sector organizations involved in land remediation, provided the activities meet the required criteria set by HMRC.
What qualifies as LRR activity?
Qualified land remediation activities include removing hazardous substances such as asbestos, heavy metals, or oil from contaminated land as part of the qualifying expenditure. This also includes soil treatment, groundwater cleaning, and other processes that restore land to a safe, usable condition for development or agricultural purposes.
Can small businesses claim Land Remediation Relief?
Yes, small businesses can claim Land Remediation Relief (LRR) if they are incurring eligible costs. The size of the business does not affect eligibility. However, small businesses must meet the same criteria as larger businesses and ensure the activities undertaken are genuine land remediation efforts.
How much can my business claim through Land Remediation Relief?
Businesses can claim a tax deduction of up to 150% of the qualifying expenditure incurred for land remediation activities within the relevant accounting period. This means if your business spends £100,000 on remediation, it could potentially reduce its taxable profits by £150,000, lowering its tax liability significantly.
What costs can be claimed under Land Remediation Relief?
Eligible costs for LRR include expenses related to removing hazardous substances (e.g., asbestos, lead), soil treatment, excavation, decontamination, and disposal of pollutants. Other costs like consultancy, survey work, and environmental assessments can also be included if they directly relate to remediation efforts.
Do I need to have a dedicated LRR team to claim?
No, you don’t need a dedicated team to claim Land Remediation Relief, but the process can be complex. It is helpful to have an environmental or tax professional with expertise in LRR to ensure that your claims are accurate, all eligible costs are accounted for, and necessary documentation is provided.
How far back can I claim Land Remediation Relief?
Land Remediation Relief claims can typically be made for work undertaken in the past two years. However, if the business has not yet claimed for remediation costs during this period, it may still be possible to make a retrospective claim. Always check with HMRC for specific timeframes.
What challenges might arise when applying for Land Remediation Relief?
Common challenges in claiming LRR include correctly identifying qualifying expenditure, providing detailed supporting documentation, and ensuring that the land remediation activities meet the legal requirements. Businesses may also face delays or disputes if HMRC questions the validity of the claim or the nature of the costs.
How can Pulse Accountants help?
Pulse Accountants can assist businesses in navigating the complexities of Land Remediation Relief. They can help identify eligible costs, ensure compliance with HMRC guidelines, and maximise tax credit. Their expertise in tax planning and environmental remediation projects ensures your business gets the most out of LRR claims.
How do I get started?
To get started, contact us to discuss your accounting needs, including identifying any qualifying expenditure, so we can begin planning the next steps.
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