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150% Tax Relief for UK Companies

11/7/2013

1 Comment

 
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.

1 Comment
Henry link
4/22/2019 10:31:27 pm

Are these relief programs still in place in 2019?

Reply



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    Airbox Sampling Products Ltd

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Airbox Sampling Products
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  • Home
  • Products
    • VARIFLOW RANGE >
      • VARIFLOW >
        • Variflow User Manual
      • VARIFLOW 8 >
        • Variflow 8 User Manual
      • V8 LOWFLOW >
        • V8 LOWFLOW User Manual
    • DATAFLOW >
      • Data Capture
      • Dataflow User Manual
      • Dataflow Troubleshooting
    • AIRBOX PERSONAL MKII >
      • Airbox Personal MKII User Manual
    • VAPORISER >
      • Vaporiser User Manual
    • Accessories
  • Service
  • Resource Centre
    • VIDEOS
  • About Us
  • Contact Us