Hunt on for urban bleak spots
Moulton, D.
Hunt on for urban bleak spots - 2001 - Estates Gazette (0111) 17 March 2001, 165(1) .
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.
BUDGET 2001
DEPRIVED AREAS
INNER CITIES
VALUE ADDED TAX
STAMP DUTY
TAX INCENTIVES
TAXATION
CONTAMINATED LAND
CONVERSIONS
Hunt on for urban bleak spots - 2001 - Estates Gazette (0111) 17 March 2001, 165(1) .
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.
BUDGET 2001
DEPRIVED AREAS
INNER CITIES
VALUE ADDED TAX
STAMP DUTY
TAX INCENTIVES
TAXATION
CONTAMINATED LAND
CONVERSIONS