Land contaminated by asbestos stops brownfield construction projects in their tracks.
In most cases the land can be remediated and the project reinstated safely. ASKAMS are experienced in surveying for, quantifying and managing the remediation process of asbestos contaminated land.
The Finance Act 2001 states that an element of Tax relief may be claimed as a one-off capital expenditure for the removal of the presence of any substance in, on or under the land that is causing, or may cause, harm to the health of living things, damage to property, offence to human senses or pollution to a watercourse. That substance may be any solid, liquid, gas or vapour.
This includes claiming tax relief on the cost of the asbestos remediation of contaminated sites.