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.
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.
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:
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.
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.
Japanese Knotweed can cause a major headache for construction, developers and commercial land and property owners. It can damage your property, cause health-and-safety risks, cause development projects to grind to a halt, and if left alone it can restrict access to amenity spaces. Don't let nature impact your progress. Work with us to stamp out Japanese knotweed problems quickly and efficiently.
Japanese Knotweed Ltd. provide a range of options for knotweed treatment and removal. These include herbicide application and excavation.
Discovering a Japanese knotweed infestation on your property or land can be a big concern, making it more difficult to buy or sell your property, lowering property value, putting unplanned delays on construction projects, creating access issues on amenity land and often causing serious health issues for humans or livestock. We can help.
