- In July 2025, HM Treasury published a consultation on land remediation relief (LRR).
- LRR is a corporation tax relief for eligible expenditure on cleaning up contaminated land and bringing long term derelict land back into use. Broadly, LRR provides a 150% corporation tax deduction for eligible revenue and capital expenditure. Loss-making businesses may surrender qualifying LRR losses in return for a 16% LRR tax credit.
- The consultation sought to understand the impact of LRR on development of brownfield sites, how businesses factor LRR into their decision making, the effectiveness of the relief, and the extent to which it is robust against potential error and abuse.
- On 23 June 2026, the government published a summary of responses to the consultation and announced its intention to consult with stakeholders to explore whether viable, cost-effective reforms can be made to improve the relief.
- Timing: further details will be provided in the “coming months” following the June 2026 update.
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