03.05.2010

One more tax to pay

One more tax to pay

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Land owners have one more tax to pay. Community Infrastructure Levy (CIL) Local authorities in England and Wales are now able to impose a levy on most types of new development in their areas through the Community Infrastructure Levy Regulations 2010. (CIL) The levy can only be imposed on new buildings and extensions over 100 square metres of gross internal floor space. Liability for CIL The owner of land will be responsible for paying CIL unless another party volunteers to pay the CIL by assuming the liability. The tax becomes due immediately upon commencement of development but it may be possible to pay by installments. Charging authorities will issue applicants with a CIL liability notice on the grant of planning permission For more information go to:- http://www.planningportal.gov.uk/england/professionals/policy/reform/planningact08/cil Andrew Williams Andrew R Williams & Associates Ltd 0151 426 9660 http://www.commercialepcinwarrington.co.uk http:// www.andrewrwilliams.co.uk

Andrew R Williams & Associates Ltd are Independent Chartered Surveyors and have been established since 1979 providing a full range of surveying services to the Commercial and Residential Sectors.…

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