Bo Kehinde CTA Solicitor and Elizabeth Bird Solicitor Eversheds LLP summarise the new PGS proposals and ask whether the proposed new tax could now be deemed workable
Following Kate Barker's recommendations in her independent review of housing supply in 2004 the Government launched a consultation in December 2005 on a 'Planning-gain Supplement' (PGS). The proposal was intended to introduce a 'fair efficient and transparent levy' upon the uplift in land value following the grant of planning permission. If it is introduced PGS will significantly alter the current planning system which is dominated by s 106 Agreements under the Town and Country Planning Act 1990.
The Government's Next Step
The...
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Bo Kehinde CTA Solicitor and Elizabeth Bird Solicitor Eversheds LLP summarise the new PGS proposals and ask whether the proposed new tax could now be deemed workable
Following Kate Barker's recommendations in her independent review of housing supply in 2004 the Government launched a consultation in December 2005 on a 'Planning-gain Supplement' (PGS). The proposal was intended to introduce a 'fair efficient and transparent levy' upon the uplift in land value following the grant of planning permission. If it is introduced PGS will significantly alter the current planning system which is dominated by s 106 Agreements under the Town and Country Planning Act 1990.
The Government's Next Step
The...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
