More than 3,000 mothballed self-build homes could re-start as a result of dropping the community infrastructure levy (CIL)
From today (24 February) self-builders will be exempt from the contentious CIL tax, which allows councils to raise funds from developers building in their area, a scheme originally mooted in a consultation back in April.
The scrapping of the tax formed part of measures aimed at opening up self-build to lower income households.
The levy added a considerable uplift in the cost of building a home – a 4-bedroom house could pay around £15,000 in taxes.
‘By boosting the numbers of people building their own home we can help increase the number of new houses built each year in this country and support local businesses. There are too many levies and charges on housing.
via:http://www.housepricecrash.co.uk/newsblog/2014/02/blog-another-step-in-the-right-direction-40847.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housepricecrash+%28House+Price+Crash+news%29
From today (24 February) self-builders will be exempt from the contentious CIL tax, which allows councils to raise funds from developers building in their area, a scheme originally mooted in a consultation back in April.
The scrapping of the tax formed part of measures aimed at opening up self-build to lower income households.
The levy added a considerable uplift in the cost of building a home – a 4-bedroom house could pay around £15,000 in taxes.
‘By boosting the numbers of people building their own home we can help increase the number of new houses built each year in this country and support local businesses. There are too many levies and charges on housing.
via:http://www.housepricecrash.co.uk/newsblog/2014/02/blog-another-step-in-the-right-direction-40847.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housepricecrash+%28House+Price+Crash+news%29
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