- 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 seeks 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.
- Timing: the consultation closed on 15 September 2025.
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