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Asbestos, Good News?

David Woodward and Ainol Yaacob of KPMG's Capital Allowances Consulting Group discuss the impending obligation to undertake an asbestos assessment and the potential to obtain tax relief
For most property occupiers finding asbestos in their building starts alarm bells ringing especially if it is the more dangerous blue asbestos (crocidolite). The removal of the asbestos must be carried out by an authorised specialist and is often expensive. Usually the existence of asbestos is discovered during the refurbishment or alteration of a building. Until such an event many occupiers do not know of its existence. However the days of blissful ignorance are soon to be gone!
A New Obligation
With effect from 21 May 2004 ...
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