COMMERCIAL SERVICES
Control or get rid of knotweed with our commercial services specifically geared for commercial businesses, developers and construction.
LAND REMEDIATION RELIEF
Known as LRR – a generous tax incentive intended to promote the remediation and development of land and buildings affected by Japanese knotweed or chemical contaminants such as asbestos.
Financial incentive for land owners and investors
LRR helps offset some of the cost of remediation services, which can include man hours on the project, such as the Project Manager, through capital gains tax relief.
LAND REMEDIATION RELIEF
WHO CAN CLAIM?
Originally LRR was designed to encourage investment in land that was previously derelict or contaminated so it can be made purposeful again. It can be claimed by property owners, investors and developers dealing with Japanese knotweed or contaminated grounds. The claimant must be the owner (adopter) at the time of the works and pay capital gains tax.
Successful claims can result in capital gains tax refunds on qualifying work values of up to:
- 150% for the land owners
- 50% for developers
Many property owners are either not aware of the scheme, or not clear of the qualifying criteria for making a claim, and could be missing out on this valuable cash-back incentive! Claims can be made that continue year-on-year for on-going treatments, and can be claimed retrospectively up to 3 years.
LAND REMEDIATION RELIEF
HOW TO MAKE A CLAIM
We have partnered with Fortus, a leading firm of Accountants and Business advisors with a specialist Land Remediation Relief team consisting of Qualified Tax Experts & RICS Chartered Surveyors to ensure you get the best advice and assistance with making a Land Remediation Relief claim.
Their team will work in partnership with ours to help unlock the significant tax benefits your business may be entitled to.
