Land Banking: Fact or Fiction?
There is no escaping the fact that in this country we have a disparity in the number of planning permissions implemented compared to the number of permissions granted. Research from the housing charity, Shelter, suggested that less than 45% of all permissions granted between 2006 – 2014 were â€˜built-outâ€™ and that this was withholding access to nearly a million potential plots. In a political climate focussed on getting Britain building much of the blame for this has landed at the developerâ€™s doorstep with Housing Secretary Sajid Javid promising a more â€˜muscularâ€™ approach from the Government towards housebuilders. Is this focus on developers fair and what responses might we see as an attempt to stop â€˜land bankingâ€™?
Stamp Duty Land Tax – Reliefs and Mitigation
Most people are by now aware that in March 2016 the government overhauled the Stamp Duty Land Tax (SDLT) rates, ostensibly to â€œreformâ€� and â€œmake fairerâ€� the process for â€œhard working familiesâ€� â€“ that oft used phrase beloved of politicians, but in fact resulting in significant increases in the amount of tax paid on properties over Â£250,000, on second homes and on properties bought in the name of trustees or companies.
Agricultural property relief, what to do following the death of a farmer
Farm diversification- Film on a farm
At sunset, viewers are treated to the viewing of classic film favourites. I watched Notting Hill, but other films such as Jaws and Dirty Dancing are upcoming. It is all about the outdoor experience: picnicking outside in a beautiful part of the countryside, poshcorn, beetle cars, bbq’ing local meat and a great film.
Government: we are ‘in the business of building houses’ – (great) news for housebuilders?
Prime Minister Theresa May has today announced at the Conservative party conference that the government will commit a further Â£2bn towards affordable housing as part of her â€˜personal missionâ€™ to fix Britainâ€™s â€˜broken housing marketâ€™.