Land Remediation Relief

This is intended to encourage urban regeneration and is available for expenditure incurred by companies on cleaning-up contaminated land or buildings.

Tax relief of this nature is particularly valuable because it is given as a 150% super-deduction in the year the money is spent (i.e. the full expenditure incurred, plus a 50% uplift). Unusually, it is also available for residential development land and buildings, and for investment and trading expenditure (i.e. property intended to be held or sold).

And where a company is unable to benefit immediately from the super-deduction because it has no taxable profits to set it against, it can surrender its tax loss for an immediate cash repayment from HM Revenue of £240 for every £1,000 spent on land remediation.