Remediation Of Contaminated Land
HMRC. The accounting treatment of the costs will dictate how much relief can be claimed but, ultimately, 150% is tax deductible been the original 100% spend together with an extra 50%. Qualifying costs include staff costs, materials and subcontracted costs. It applies to land and property owners, or leaseholders with at least seven years of a lease left to run who spend money removing or treating contaminants that they never put there in the first instance such as asbestos, radon and Japanese Knot weed. It also applies to costs incurred in bringing derelict land back into use where the land has been derelict from the earlier of 1 April 1998 and the date of acquisition.
We will help clients collate costs and summarise the details of the qualifying activity before making a claim to HMRC in order to reduce the company’s tax bill or help it receive tax back or a cash credit for loss-making entities. As with all our services, our offering is risk-free as our fees will be contingent and in proportion to the size of the claim for details contact.