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LRR was introduced in 2001 to support developments, regeneration projects, fit-outs and refurbishments.
Land Remediation Relief (LRR) was introduced in 2001 to support developments, regeneration projects, fit-outs and refurbishments that aim to re-use land previously blighted by industrial use.
LRR is available to property investors, developers and any corporation tax paying companies working in commercial property. LRR is specifically a relief from corporation tax. Claims can provide a deduction of 100%, plus an additional deduction of 50% for qualifying expenditure incurred by companies bringing long term derelict land back into use or for cleaning up land acquired from a third party in a contaminated state.
You can claim with Areande if:
You can claim with Areande for:
Whether you are a loss-making company, a property developer, or an owner occupier, Areande can help with new, ongoing, and retrospective claims for Land Remediation Relief. (The time limit for retrospective claim is up to 3 years.)
If you would like more information or would like to speak to us direct then call us on 07512896994. Or if you would prefer, ask us a question online.