Government's preferred approach to the redevelopment of land affected by contamination is through the planning regime. In general the increased value of land offsets the cost of remediation. However, land affected by contamination is sometimes marginally economic and only brought forward for redevelopment because of existing tax breaks.
There are two principal pieces of UK tax legislation with a direct bearing on redevelopment of land affected by contamination, they are:
Land Remediation Tax Relief.
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