Thursday, 24 March 2016

Housing Headlines From Budget 2016

1.       the launch of a Starter Homes Land Fund Prospectus, which will provide local authorities with £1.2bn of funding to make existing brownfield sites fit for housing;
2.       the acceleration of affordable home building via the bringing forward of £250m of capital spending to the 2017-18 and 2018-19;
3.       a streamlined planning system designed to minimise the delays that can hinder the planning process.
4.       releasing public sector land for house building purposes, including a specific partnership between the HCA and Network Rail to provide land surrounding railway stations.
5.       a commitment to legislation making it easier for local authorities to collaborate in the creation of new garden settlements.
6.       the reform of Stamp Duty Land Tax (SDLT) on non-residential property transactions

Read more on the Forbes Solicitors website.

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