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Hunt on for urban bleak spots

By: Series: Estates Gazette ; (0111) 17 March 2001, 165(1)Publication details: 2001Subject(s): Summary: Considers the fiscal initiatives introduced by the Chancellor in the 2001 Budget designed to rejuvenate certain inner city areas. These include: 0% stamp duty on all property transactions; a reduction in VAT to 5% for conversions to residential use; 150% tax relief for cleaning up contaminated land; 100% capital allowances for the conversion into flats of areas above shops. Discusses these measures and their likely impact. Suggests many issues need to be clarified - the exact nature and location of the government's designated deprived zones, for instance - before regeneration activities can commence. Includes tables detailing deprivation criteria and the top ten deprived zones in Britain.
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Journal article London Journal article ABS63771 (Browse shelf(Opens below)) 1 Available 111600-1001

Considers the fiscal initiatives introduced by the Chancellor in the 2001 Budget designed to rejuvenate certain inner city areas. These include: 0% stamp duty on all property transactions; a reduction in VAT to 5% for conversions to residential use; 150% tax relief for cleaning up contaminated land; 100% capital allowances for the conversion into flats of areas above shops. Discusses these measures and their likely impact. Suggests many issues need to be clarified - the exact nature and location of the government's designated deprived zones, for instance - before regeneration activities can commence. Includes tables detailing deprivation criteria and the top ten deprived zones in Britain.