Is tax relief available for Japanese knotweed treatment?

Land Remediation Tax Relief, known as LRTR, was introduced under the Finance Act 2001 for all companies involved in the remediation of contaminated land, whether for commercial or residential purposes. For corporate bodies LRTR is available at 50% for developers (i.e. those trading in property), whilst property investors or owner occupiers can benefit from 150% relief against their qualifying expenditure. If you are not a corporate body the tax relief is not available.

The legislation currently permits any expenditure that prevents, minimises, remedies or mitigates the risk of any harm being done to people, property or the wider environment. The harm, or potential to cause harm, must be as a result of a substance or substances in, on or under the land to be applicable. “Substances” include for example heavy metals, hydrocarbon contamination and, arguably Japanese knotweed.

Environet works with specialist Tax Consultants to claim the tax that is rightfully yours on a no win no fee basis for all Japanese knotweed remediation undertaken since May 2001. Contact us for further details.

Landfill Tax is now charged generally at the higher Landfill Tax rate for disposal of contaminated soils following the removal of the exemption in 2008, significantly increasing the cost of the dig and dump solution.

Environet’s Xtract™ method for the on-site remediation of land infested with Japanese knotweed not only avoids the punitive costs of Landfill Tax but is also eligible for relief under LRTR.

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