Inner-city pioneers may get tax breaks.
Inner-city pioneers may get tax breaks.
- 1999
- Financial Times 21 June 1999, 12 Building Design (1400) 18 June 1999, 12(2) .
The urban taskforce's report will recommend tax breaks to encourage people to move into rundown inner city areas. This could be through a lower council tax band. The report is expected to make around 100 recommendations including: the abolition of reduction of VAT on conversions of offices and other buildings into homes; new financial arrangements to make public investment work harder in urban regeneration; tax changes to alter the balance of favour of brownfield instead of green field development; and tax changes to make it easier to reclaim contaminated land.
URBAN TASK FORCE
TAXATION
The urban taskforce's report will recommend tax breaks to encourage people to move into rundown inner city areas. This could be through a lower council tax band. The report is expected to make around 100 recommendations including: the abolition of reduction of VAT on conversions of offices and other buildings into homes; new financial arrangements to make public investment work harder in urban regeneration; tax changes to alter the balance of favour of brownfield instead of green field development; and tax changes to make it easier to reclaim contaminated land.
URBAN TASK FORCE
TAXATION