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Reasons to detox

By: Language: English Series: Building ; 271(8430) 12 May 2006, 58(1)Publication details: 2006Subject(s): Summary: Explains how developers can obtain tax relief at fifty percent on the expenses incurred in dealing with contaminated land. Explains HM Revenue and Customs' definition of contaminated land, what expenditure qualifies for relief, and the steps that need to be taken before making a claim. Warns that relief may not be available if there is a delay in mitigating the effects of contamination; advises that records be kept of the potential claims for each property.

Explains how developers can obtain tax relief at fifty percent on the expenses incurred in dealing with contaminated land. Explains HM Revenue and Customs' definition of contaminated land, what expenditure qualifies for relief, and the steps that need to be taken before making a claim. Warns that relief may not be available if there is a delay in mitigating the effects of contamination; advises that records be kept of the potential claims for each property.