Finance

Community Housing Fund launched

The government has launched a £163 million fund to support community-led affordable housing. The scheme is being administered by Homes England (the successor to the Homes and Communities Agency) and bids are invited under a 'continuous market engagement' process that will continue until all the money has been allocated or December 2019, whichever comes first.

Crucially, the Prospectus makes it clear that the scheme is available for conversions and refurbishment:

Preston - empty homes purchase scheme using S106, proposal report to Cabinet (2016)

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Autumn Budget - New Homes Bonus News

Empty Home Premium would become chargeable at 200% of Full Charge! So said Fiscal Phil Hammond. If you've been busy calculating the increased revenue your Council may earn next year, hold your horses. As the change will require a change to primary legislation, the 200% charge might not be lawful until 1st April 2019. So don't count on any extra revenue in 2018.

Are you confident that you actually know how NHB was calculated for 2016/17. I must admit, I am a little lost and therefore quite ashamed.  

 

Stamp Duty Land Tax: higher rates for purchases of additional residential properties (original papers)

This allows downloads of the original pdf document posted with the 2016 Budget (updated November 2016), along with a link to a further web-page relating to a subsequent update.

The pdf document is probably the best source for understanding the SDLT surcharge.

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