Tuesday, 1 November 2016

Exempt Rural Landowners From CGT

The extension of right-to-buy to housing association tenants has served to discourage rural landowners from making sites available for new affordable homes, according to country business lobby CLA. The organisation, which represents landowners, farmers and rural businesses, has told a cross-party group of MPs that landowners have the potential to inject life into rural areas by making land available to house young families, local workers and older people seeking to downsize or retire. The CLA is calling for the Government to encourage landowners to release land at a discount for affordable housing by exempting the value of land sold for affordable homes from Capital Gains Tax. Read more on Housing Excellence.

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