The date - 31 March 2012 - is creeping closer. It is the day for the end of the exemption from landfill tax for waste from registered contaminated land.
Those who still have exempt "status" have until 31 March 2012 to decontaminate their site(s). Known as land remediation relief (LRR), the exemption continues for four months to be a valuable set-off against corporation tax.
Some landowners and their professional advisors - accountants, estate managers, lawyers and surveyors - had best, perhaps, check the current landfill tax status of any contaminated land in the estate's holdings which is registered for LRR.
New sites have not been registerable since 30 November 2008. If LRR is already available, the execution of any plan of work for lifting the contaminated soil and taking it to a landfill site must be completed by the due date. After that date landfill tax may become chargeable.
No comments:
Post a Comment