GET A HELPING HAND.

You can get help with the costs of Japanese Knotweed removal via the LRR

What’s Land Remediation Relief (LRR)?
A scheme, introduced by HMRC (HMRC) in 2001 is designed to help you recoup a percentage of the cost of Japanese Knotweed treatment – to encourage new use of previously damaged land. Japanese Knotweed infestation did not previously qualify under the legislation’s definition of ‘blighted land’. Since 1 April 2009, HMRC have accepted that Japanese Knotweed is sufficiently invasive and destructive to satisfy their “harm” test.

How does LRR work?

• LRR is a relief from Corporation Tax.

• It provides a deduction of 100% plus an additional deduction of 50% for qualifying expenditure incurred by companies in cleaning up contaminated land.

• For example, for every £100 your company spends on Japanese Knotweed treatment, you will save £39.

• HMRC will only allow relief in cases where the company takes remedial action as soon as practically possible after discovering the infestation. A company that finds it has Japanese Knotweed on its property and takes no action, thus allowing the infestation to spread so that the area infested is significantly larger by the time they take action may be debarred from relief

• HMRC accept that a company is taking remedial action if it takes appropriate specialist advice and acts in accordance with that advice.
  
  

How do we qualify?

• The old rule: land must have been acquired in a contaminated state.

• The new rule: HMRC have recognised that an infestation can occur post-purchase through no fault of the landowner, i.e. from fly-tipping, although clearly land that is purposely contaminated with Japanese Knotweed would not qualify.
  
  

DON’T FORGET: It’s really important to seek professional advice on the details of LRR and your company’s eligibility. Japanese Knotweed Specialists cannot be held responsible for the incorrect interpretation of any advice provided regarding LRR