Asbestos Removal Tax Relief
As part of the government’s urban regeneration scheme, under the Finance Act 2001, it is possible to claim 150% of the cost of asbestos remediation against your company's profits as tax relief. For example: if asbestos removal costs £10,000 a company can deduct £15,000 from their taxable income. This also means that if the company made a loss, then they could be eligible for a cash rebate. This concession only applies to UK registered companies and does not apply if the building or land was owned by the company when the asbestos was originally imported.
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Airbox Sampling Products LtdThe new manufacturer and distributor of the JD Technical air sampling products Archives
January 2015
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