Planning gain supplement to be a "modest" tax

Dec. 5, 2005
Chancellor Gordon Brown has announced plans to introduce a planning gain supplement (PGS) - as was recommended by Kate Barker - as part of his pre-Budget report. The consultation paper on the PGS states that the tax, which will be levied by local authorities on the uplift in land value resulting from a planning consent, will capture a "modest portion …

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