Understanding Land Remediation Relief

Aimed at regenerating brownfield sites, contaminated land and environmental eyesores, Land Remediation Relief (LRR) was introduced by HMRC in 2001 and updated in 2009. LRR allows businesses to claim up to 150% corporation tax relief on the costs incurred during the decontamination of land or buildings. This means that for qualifying expenditures, you can enjoy a deduction […]