Land remediation tax relief (LRR) is available for Japanese Knotweed!

Businesses: you can get tax relief on soil disposal if the ground has been contaminated by Japanese knotweed. Why? Read on… If Japanese knotweed is discovered on property – land or home – it must be removed before the land if redeveloped or the home is sold. This is because the species is very invasive and grows prolifically and strongly, causing an immense amount of damage to buildings, waterways and other structures. Removing Japanese Knotweed can be very expensive, especially if it has been left to flourish and has become widespread. (It’s much cheaper to remove if it’s caught early, so keep a sharp eye out!). Because of this expense, Land Remediation Relief (LRR) is a tax relief that is available to some property developers and investors involved in redeveloping some brownfield sites, acting as an incentive to get long-left contaminated land back into use.