Land Remediation Tax Relief & Other Brownfield Tax Incentives

Introduction

Land remediation tax relief is a valuable tool for companies to offset the often considerable costs of making land safe and usable again, encouraging redevelopment and contributing to environmental improvement. As an adviser, being familiar with land remediation tax relief is beneficial in advising clients involved in property development or holding contaminated land. This tax relief can often be the difference between viable and non-viable projects.

This virtual classroom session will explore the circumstances in which this tax relief can be claimed, and how to make claims. The session will be of benefit to accountants, tax advisers and solicitors dealing with clients that buy land for development.

What You Will Learn

This live and interactive course will cover the following:

• Brief background on Land Remediation: Why is this important to clients?
• The basics of land remediation tax relief
• Definition and scope of Land remediation tax relief
• Eligibility criteria: Who can claim this relief and under what circumstances?
• Qualifying expenditure: Types of remediation costs that can be claimed
• Tax relief mechanism
• Calculation of relief: How to calculate the tax relief with examples
• Record keeping and documentation: The importance of accurate record-keeping
• Case studies: Practical applications
• Legal and regulatory framework
• Legislation governing the relief: The legal framework for land remediation relief
• Common challenges and best practice
• Challenges in claiming relief: Common challenges and misconceptions
• Best practices for making claims for land remediation tax relief
• Q&A Session

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.