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Land remediation tax relief: ten years on

Alun Oliver (E³ Consulting) discusses the relief to UK corporation taxpayers that alleviates the costs in remediating contaminated or long-term derelict sites. 

Typical estimates for UK housing need suggest that between 200 000 and 300 000 new houses should be built each year to address the country’s shortage. The Campaign to Protect Rural England’s report State of brownfield 2018 found that some 1.1m brownfield plots exist across the local planning authorities (LPAs) in England. Whilst 33% have planning permission too many LPAs still consider ‘green belt’ development before exhausting the options to repurpose brownfield sites.

To address the myopia within the real estate sector the government introduced land remediation tax relief (LRTR) via FA 2001 s 70. This made redevelopment potentially more economically viable by reducing the cost of decontamination levelling the ‘playing ...

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