STAND NUMBER: 5P110
Gateley Capitus Limited
Specialists in tax relief for the remediation of contaminated land.
It has been estimated that there are some 300,000 hectares of `contaminated` land in the UK and a further 65,000 hectares of brownfield land. In many instances, the contamination can be removed or remediated to make individual sites suitable for development. However, the level and nature of contamination present can make the cost of remediation prohibitive.
Land Remediation Relief (LRR) is a generous tax relief designed to incentivise the development of brownfield and contaminated land for both commercial and residential purposes. LRR offers an enhanced 150% deduction against tax for qualifying expenditure incurred when remediating contaminated land, or bringing derelict land back into productive use.
With the introduction of local authority brownfield registers and permission in principle orders, there are now even greater opportunities for developers. Gateley`s Real Estate Advisory Services (REAS) have been designed to support land owners and promoters from inception to completion, with the experience that comes from working with 18 of the top 20 housebuilders and many leading commercial developers.
Gateley Capitus director, Aubrey Calderwood, is keen to promote LRR as a way to encourage the utilisation of brownfield land by making these types of developments economically viable. His conference presentation will focus on the mechanics and benefits of LRR, and how our holistic development advisory team can accelerate development times and enhance value.
For a free initial consultation, please contact us at firstname.lastname@example.org.
+44 (0) 121 234 0271