Land Remediation
Tax Relief
Contaminated or
Derelict Land
Land Remediation Relief was introduced to address the inherent market challenges associated with the restoration and redevelopment of land that had fallen into disrepair or had been contaminated due to prior industrial use by third parties.
This tax relief opportunity extends its benefits to corporations subject to corporate tax across various property sectors, encompassing domestic and commercial properties alike. This includes property investors and developers actively engaged in these sectors.
Eligible costs under this scheme encompass a wide range of activities, such as remediating contaminated land, asbestos removal from structures, excavation of buried elements, and the treatment of hazardous organisms and naturally occurring contaminants like Japanese Knotweed, Radon, and Arsenic.
Land Remediation Relief applies to both capital and revenue expenditures. To make use of this relief, the company is required to make an election within two years of the accounting period in which the qualifying expenses were incurred, allowing them to offset these costs as deductions against their taxable profits.
Tax Credit
In cases where the eligible company experiences a financial loss during the accounting period in which it invests in remediating contaminated or abandoned land, it has the option to request a payable credit.
This credit is equivalent to 16% of the Land Remediation Relief (LRR) claim as determined by HMRC. To put it in perspective, this amounts to 24%of the actual expenses incurred (calculated as 16% divided by 150%).
Our Services
Capital
Allowances
The majority of UK taxpayers who own commercial properties are eligible for Capital Allowances tax relief on embedded items within their premises, such as heating, lighting, security and power systems, as well as kitchens and sanitary fixtures, among others.
Land
Remediation
Land Remediation Relief was introduced to address the inherent market challenges associated with the restoration and redevelopment of land that had fallen into disrepair or had been contaminated due to prior industrial use by third parties.
Research &
Development
We are research and development tax credit specialists. Working with partners in the industry, we have assisted many businesses with R&D claims and have helped them grow their businesses with the benefits of this government incentive.
Stamp Duty
Land Tax
The sum of SDLT owed is contingent on the property or land's purchase price, alongside additional considerations like whether the property serves as a secondary residence or an investment for rental purposes.
Our Process
Start Your New Project
At Five Star Alliance, our mission is to provide our clients with the best possible service at affordable costs. Our highly trained specialists are ready to help your business grow and succeed in any given industry.
44 Summer Rd,
Thames Ditton,
Surrey, England,
KT7 0QQ