In some cases there is relief from the standard rate of tax.
Land remediation relief (LRR) is a relief from corporation tax for expenditure on remediating contaminated land or bringing derelict land back into use. The relief was under threat of being discontinued after 2012. However, in the 2012 budget, the government confirmed that the relief would continue.
As buildings are also treated as land, this relief is also available for the remediation of contaminated buildings. The relief is given at the rate of 150% for qualifying land remediation expenditure of a capital nature and an additional 50% for qualifying land remediation
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