Community Infrastructure Levy plus S106
From 6 April 2010 local planning authorities are empowered – but not required – to levy a charge on most types of new development within their area. They can continue to enter into section 106 agreements necessary to enable developments to go ahead but restricted to on-site contributions.
The charging rate will be determined by the local authority once they have made an assessment of the infrastructure needs in their area that are required to support development and other infrastructure funding sources from central government or elsewhere.
CIL will become an important income stream for local authorities and an additional cost to developers.
In our articles:
The Statutory Residence Test - 75 years in the making
In 1936 the Consolidation Committee recommended reform of the definition of residence for tax purposes. With unseemly haste, in June 2011 HM...