The government of Jersey is consulting until 1 September 2017 on a proposed land development charge, to be called the ‘Jersey infrastructure levy’. The charge would arise when land is given permission for development and would be used to fund essential community infrastructure.
The proposed rate has been set at £85 per square metre on new developments which create over 75 square metres of new floor space. Affordable homes and development carried out by charitable trusts would be exempt from the charge. These rates are expected to generate between £1.5m and £2.5m a year. See http://bit.ly/2teH5Hv.
The government of Jersey is consulting until 1 September 2017 on a proposed land development charge, to be called the ‘Jersey infrastructure levy’. The charge would arise when land is given permission for development and would be used to fund essential community infrastructure.
The proposed rate has been set at £85 per square metre on new developments which create over 75 square metres of new floor space. Affordable homes and development carried out by charitable trusts would be exempt from the charge. These rates are expected to generate between £1.5m and £2.5m a year. See http://bit.ly/2teH5Hv.
