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.
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