Developers unconvinced by PGS pledge

Feb. 1, 2006
Developers have reacted with dismay to news that the government is considering levying a new land tax additional to section 106, following the chancellor’s pre-Budget report in December, in which he announced plans to introduce a planning gain supplement (PGS). Gordon Brown pledged that the tax, which will be levied by local authorities on the uplift in land value resulting …

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