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In order, to encourage more Brownfield development, the government introduced Land Remediation Relief in 2001, to address the market failure in bringing back into use brownfield land and building sites.
The relief was introduced as an incentive for remediating contamination from land and buildings. The aim of this relief is to remove the cost barriers associated with this expenditure by giving a 150% deduction against qualifying expenditure. The intention being to influence the behaviour of developers, and to increase the supply of developable land (in particular to allow the development of housing).
The entitlement conditions for claiming Land Remediation Relief can be complex and it is currently only available to UK registered companies.