Asbestos Tax Relief

As part of the governments commitment to urban regeneration it introduced 150% tax relief for businesses incurring expenditure on land remediation.

Land Remediation Relief is a relief from corporation tax only. It provides a deduction of 100%, plus an additional deduction of 50%, for qualifying expenditure incurred by companies in cleaning up land acquired from a third party in a contaminated state.

Qualifying expenditure includes the cost of establishing the level of contamination, removing the contamination or containing it so that the possibility of relevant harm is removed.

Requirements to make a claim:

  • Your company should be registered in the UK.
  • You must be a corporation tax payer.
  • The asbestos must have been present in the building before you bought it.

 

Tax relief is not applicable if:

  • You are a sole trader, partnership, trustee or individual.
  • The cost can be accommodated by capital allowances, e.g. a panel replacement that can count as maintenance.
  • On roof, wall cladding and other asbestos cement products in
    environmental preservation areas.

Land Remediation Relief is available for both capital and revenue expenditure. However, the company must elect, within two years of the end of the accounting period in which the expenditure is incurred, to treat qualifying capital expenditure as a deduction in computing taxable profits.

A company that makes a loss can surrender that part of the loss that is attributable to Land Remediation Relief in return for a cash payment (a tax credit) from the Government. A claim for a Land Remediation Tax Credit must be made in a CT self-assessment or amended self-assessment.

To check whether you are eligible, talk to Asbestos Fighters and consult your accountant or tax advisor.

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Why choose us
Experience
Over 25 Yearsfighting asbestos
By using our wealth of asbestos expertise, Asbestos Fighters create a safer environment for businesses and residential communities.
Trust
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Asbestos Fighters are passionate about providing quality services by delivering honest advice and on-site surveys.
Our Promise
By delivering asbestos services we are proud to say we are saving lives in the construction industry and the community we all live in.
Case Studies

Cement Asbestos Water Tank Removal, Buckinghamshire

We were asked by a plumbing and heating specialist to remove an asbestos cement water tank for one of their customers.
We work with this company regularly - they care about the health and safety of their team and their clients - and they appreciate the quality of service they receive from us is consistent and we are reliable and get the job done quickly without delaying their own time frame.

Asbestos Insulation Board Removal & Disposal, Old Coulsdon, Croydon

We removed the Asbestos Insulation Boards fire break between the two properties loft spaces under fully controlled conditions. Due to the layout and dimensions of the property, the airlocks were located on the ground floor and connected to the enclosure on the landing by a tunnel. We designed the enclosure to be free standing as far as reasonably practical and was only connected to the property’s hatch, which meant we were able to undertake our works safely without causing any damage to the décor.
Work for the asbestos insulation board removal included:
1. Several site visits and meetings to decide on the best plan of action for all parties;
2. Undertook the risk assessment for all site hazards that would or could become issues during the removal;
3. Designed our enclosures and setups;
4. Produce the site-specific RAMs, site packs;
5. Allocated the Team, ordered the materials and plant and planned the mobilisation;
6. The team and the manager met on the first morning of the project and went through the whole programme during a site walk around;
7. Then the site was set up and the works were undertaken;
8. After the air testing, we installed a new fire barrier in the loft space between the two loft spaces.

Pipe Lagging Removal

We recently carried out asbestos pipe lagging removal at a private residence in Central London. As you can see from the images, we ensure that nothing was missed when it came to setting up safely and carrying out the works to ensure both our team and the family were safe throughout the process.

Asbestos Cement Shed Removal Watford

This recent asbestos cement shed removal job required the Asbestos Fighters team to remove and dispose of a small asbestos cement shed.
The solid shed was built over 30 years ago and was still standing. However our client didn’t enjoy a look of it in his garden and wanted it removed so he could replace it with something more modern.
Our team thrive on helping local communities deal with any asbestos related matters - no job is too small!
Testimonials
The guys were all very nice and cleared up after them very well.

Asbestos Roof Sheet Removal Testimonial

We would highly recomend.

Tina Patel

On request they responded very quickly and provided helpful advice...

Cristina Imbuzan

The attention to detail and care they take with the serious nature of their business is second to none.

Element Electrical Contractors Ltd