Image from Google Jackets

Money grabbers

By: Series: Building ; 269(8337) 18 June 2004, 48-50(3)Publication details: 2004Subject(s): Summary: Discusses alternatives to section 106 agreements which will give developers alternative ways to contribute towards local infrastructure developments. These include the possibility of a planning tariff which could be fixed in advance by a local authority. Many house builders are against this as they see it as a development land tax which would be levied on the increase in a site's value triggered by planning approval. Previous attempts to introduce such a tax have failed as it proved too bureaucratic

Discusses alternatives to section 106 agreements which will give developers alternative ways to contribute towards local infrastructure developments. These include the possibility of a planning tariff which could be fixed in advance by a local authority. Many house builders are against this as they see it as a development land tax which would be levied on the increase in a site's value triggered by planning approval. Previous attempts to introduce such a tax have failed as it proved too bureaucratic