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Land Remediation Relief

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Remediating Contamination and Dereliction, Land Remediation Relief and Derelict Land Relief are two valuable tax reliefs that are certainly not taken up as much as they should be.

Awareness of the benefits that this relief can provide, have not been highlighted since it barely escaped being abolished in 2012. Both incentives, provide a 150% tax deduction for the qualifying costs associated with remedying contamination or dereliction.

As Landfill tax limits have been raised over the last few years from £10.60 per tonne to £72 per tonne in 2013 to £84.60 per tonne in 2016 it is surprising, that Land Remediation Relief is not taken more readily. As the alternative means of dealing with contamination (i.e. sending contaminants to landfill) has now become more expensive.