LAND REMEDIATION RELIEF
Land remediation is the process by which land resources are restored to their formal state due to contamination in the soil and water. ATL analyse and advise on any reclaimable costs available to you.
Approved Tax Limited is part of the Approved Group of Companies; Approved Business Finance,
AMF (Approved Motor Finance) and Approved Property Finance
WHAT IS LAND REMEDIATION RELIEF?
Land Remediation Relief (LRR) is one of the most generous tax reliefs available to property developers and investors. The relief provides up to 150% in tax deduction on the qualifying expenditure for remediation land and buildings. Land can be considered that has been used for industrial purposes in the past or if it has been contaminated for naturally occurring causes. LRR can also be instrumental in bringing derelict land back into use.
Examples of contaminants include; Radon, Arsenic, Japanese Knotweed, Asbestos, Buried Structures, Harmful Organisms and Removing Underground Structures.
AM I ELIGIBLE FOR LRR?
In order to satisfy a claim you must meet a number of conditions. Beneficiaries would typically be investors, property developers, house builders and owner occupiers. There are four questions you can ask yourself if you are considering claiming:
01
Are you subject to UK corporation tax?
02
Is the land in the UK?
03
Do you have an interest in the land in question?
04
Can you confirm you were not the polluter or have any connection to the polluter?
OUR INNOVATION SERVICES
Stamp Duty Land Tax (SDLT) is a complicated self-assessment tax often calculated incorrectly. ATL review new and existing property purchases to ensure accurate SDLT consideration is applied.
SPECIALIST
Our clients benefit from
in-house advisers, technical consultants and industry sector specialists with innovative incentive knowledge
STRATEGIC
As part of the Approved
Group, ATL clients also benefit from a team of finance brokers across business, motor and property
FAST APPLICATION
ATL's expert approach ensures that speed-of-service is at the forefront without compromising on accuracy and adhering to compliance
5 STAR RATED
Over 230 five-star reviews across the Approved Group gives clients the piece of mind and a proven track record of success
GEORGE DUNN
Director
It was a huge peace of mind to let George handle my asset finance application. Throughout the process, he was unfailingly focused, understanding and polite.
I would highly recommend using Approved Business Finance services with ease of mind that you are a priority and will have support throughout the whole process. - Javed
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