House Builder & Residential Developer
House builders or residential developers who develop brownfield sites for sale can recover a portion of any qualifying remediation costs by claiming Land Remediation Relief. This is the only corporation tax relief available to developers and yet many companies fail to claim due to lack of awareness, misconceptions or lack of specialist input.
Furthermore, where a new development includes commercial or residential investments there is also the potential to enhance the capital allowances value for the end investor.
Outlined below are the issues that need to be considered at each stage of the project life cycle to make sure the benefits from these tax reliefs are fully realised.