Environmental guidance for your business in Northern Ireland & Scotland
Businesses can claim relief from corporation tax for land remediation, which means restoring contaminated or long-term derelict land. The rate of relief is 150 per cent of the qualifying clean-up cost.
Clean-up expenditure qualifies if all of the following are true:
Relief extends to buildings on the land. Land is contaminated if contamination is present that is causing or has the real potential to cause significant harm. The cost of dealing with natural contaminants (other than Japanese Knotweed, arsenic or radon) does not qualify for relief.
The relief is only available to businesses subject to corporation tax.
The money you spend on remediation, i.e. cleaning up land, qualifies if:
Losses created or increased because of expenditure on land remediation can be surrendered for a payable tax credit of up to 16 per cent of the qualifying land remediation loss.
Land remediation relief is only available to businesses, not to individuals or partnerships. Businesses responsible for polluting the land or adding to existing contamination are not eligible for the relief.
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