WHAT IS LAND REMEDIATION?
Land remediation is the process by which land resources are restored to their formal state due to contamination in soil and water.
Land remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, surface water for the general protection of human health and the environment or from a brownfield site intended for redevelopment.
Land remediation can include any or all of the following
removal of contamination;
removal of the pathway between contamination and a receptor
removal of the receptor – e.g. fence the area off
treatment of the contamination to safe levels
We understand that every client will have specific objectives for each site when being prepared for future redevelopment which is why we can provide a range of services in house to enable you to achieve your goals.
What is Land Remediation relief?
Land remediation relief is tax relief that was instated by the UK government to encourage and promote the redevelopment of areas that have been affected by contamination or destruction. Locations that have been left derelict, or have been treated poorly could apply for land remediation tax relief which would give the business up to 150% tax deduction on cleaning up the land. This tax relief, is specifically linked with corporation tax and cannot be used in conjunction with any other business tax.
By introducing the land remediation relief, the government planned to improve environment stability and encourage local economy growth.
Who can claim land remediation relief?
Land remediation relief tax can be claimed by property owners, investors and developers. The level of relief you will receive from the government will be different depending on the role you have regarding the grounds you are operating on.
Occupiers and investors of the land can receive relief of up to 150%, meanwhile developers will only be able to claim 50% in tax deduction.
For more information, we would suggest you talk to your local council or government representative.
What conditions can land remediation relief be used for?
According to the GOV.UK, land remediation relief can be used if the lands or buildings are in a contaminated state, this can be through causing potential harm, or there is a serious possibility that the location can cause relevant harm to an individual.
Another case where land remediation relief can be approved, is if there is a possibility that the location is causing significant pollution to streams, rivers, oceans or groundwater.
Ron Hull & Land Remediation
These are further supported by the wider Group, keeping everything in house, without the need for third-party intervention. Whatever contamination issues is being faced by the client, we can help.
Please contact us now and our team of specialists, with their experience and expertise, can provide you with the peace of mind that you are in safe hands!