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Admin		#1 Posted : 05 September 2006 09:44:00(UTC)
Rank: Guest		Posted By Tracey C I was informed last week that as a company we can claim back 125% tax releif against remediation of contaminated land and buildings we purchase, does anybody know if this is a recent thing or can we claim for asbestos surveys that were carried out last year? Any info would be greatly appreciated.
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Admin		#2 Posted : 05 September 2006 10:09:00(UTC)
Rank: Guest		Posted By Smurfer I don't anything about this, but I would doubt that you could claim for an asbestos survey, or a contaminated land survey since these are intended to identify whether you have an issue or not. But the asbestos removal / land clean-up would probably count. As for claiming for previous years... can't help you, try your company accountant.
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Admin		#3 Posted : 05 September 2006 10:50:00(UTC)
Rank: Guest		Posted By Mark Eden Asbestos surveys, apparently, can be claimed back at the enhanced rate of tax if you are removing the asbestos as well.
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Admin		#4 Posted : 05 September 2006 11:08:00(UTC)
Rank: Guest		Posted By gham Tracy Get in touch with Davis Wilson who posts on this site, he is 'Asbestos Man' and comes with is own workplace exposure limit
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Admin		#5 Posted : 05 September 2006 11:09:00(UTC)
Rank: Guest		Posted By gham sorry david not davis
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Admin		#6 Posted : 05 September 2006 11:31:00(UTC)
Rank: Guest		Posted By Arran Linton - Smith What you are discussing is normally called Capital Allowances and there is a whole accountancy industry that has grown up around it. On Capital Allowance for asbestos can be seen on the RICS web-site: http://www.rics.org/Mana...removing%20asbestos.html
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Admin		#7 Posted : 05 September 2006 11:33:00(UTC)
Rank: Guest		Posted By Arran Linton - Smith What you are discussing is normally called Capital Allowances and there is a whole accountancy industry that has grown up around it. Capital Allowance for asbestos can be seen on the RICS web-site: http://www.rics.org/Mana...removing%20asbestos.html
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Admin		#8 Posted : 05 September 2006 11:45:00(UTC)
Rank: Guest		Posted By Tracey C Can you let me know how to get hold of David Wilson please. I don't know how to get his e-mail address.
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Admin		#9 Posted : 05 September 2006 11:50:00(UTC)
Rank: Guest		Posted By gham login go to this thread http://www.iosh.co.uk/in...um=1&thread=22218&page=1 the click on his email address or post a response for him
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Admin		#10 Posted : 05 September 2006 11:56:00(UTC)
Rank: Guest		Posted By Tracey C Thank you, I am stuggling at the moment as I have only posted 2 messages before so I am pretty new at this.
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Admin		#11 Posted : 05 September 2006 13:05:00(UTC)
Rank: Guest		Posted By Arran Linton - Smith Tracy, As part of the overall cost of remediation I understand that you can make a claim for the asbestos surveys undertaken, however I do not believe that you can a capital allowances claim alone for the asbestos surveys. Most capital allowance consultancy normally will not charge you for an initial assessment as they usually take a percentage of the tax relief acquired.
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Admin		#12 Posted : 05 September 2006 14:21:00(UTC)
Rank: Guest		Posted By Les Welling I have heard that remediation for contaminated land can be paid for by the previous owners of the land.
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Admin		#13 Posted : 05 September 2006 14:25:00(UTC)
Rank: Guest		Posted By Tracey C Thank you to everybody who has posted a responce I have found out a lot of information on www.rics.org.uk. Sometimes I wonder if I am an accountant or a health and safety manager. But i suppose us health and safety people have to be multitalented!
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