Imagine you own a factory – but there’s a problem – the roof is covered in asbestos…
Asbestos is a nasty material that’s about as welcome as a skunk at a garden party.
It needs to go…
But here’s the good news: The government will actually ‘PAY YOU’ to get rid of it!
Thanks to Land Remediation Relief (LRR), businesses can claim 150% of the total cost to remove asbestos from their roofs, through their annual corporation tax.
Amazingly – if your annual corporation tax bill doesn’t cover the whole amount – you can claim against your corporation tax indefinitely until the whole amount is settled.
As an example…
If you spend £100,000 on removal – you don’t just get it all back – you get £150,000 in corporation tax relief in year one or over time until the whole amount is settled.
That’s like getting paid extra for doing something you already needed to do!
Now, here’s where it gets even better…
Once that pesky asbestos is gone, your roof is just sitting there, waiting to be useful.
Enter: Solar panels!
Instead of just keeping the rain out, your roof can now generate free electricity, slash your energy bills, and make the company a substantial chunk of extra profit.
So, to recap…
✅ You get paid back for fixing your roof.
✅ You make extra profit for fixing your roof.
✅ You install solar panels and start saving money on electricity.
✅ Your factory makes more money while also being greener.
A cleaner roof, lower tax bills, free energy – what’s not to love?
…if only all tax rules were this rewarding!