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The government has published its long-awaited Community Infrastructure Levy (CIL) regulations.
The new system aims to give developers certainty over the contributions they have to make when they plan projects. Key changes since the publication of the draft regulations include:
- allowing up to 100 per cent CIL relief in exceptional circumstances for developments that would otherwise not proceed
- allowing payments of CIL to be made in-kind in the form of land provided that land is transferred with the intention of providing infrastructure
- doubling the standard payment period to 60 days to ease cash flow for developers and allowing payment by instalments in many cases
- introducing the potential for local authorities to borrow against future CIL receipts to allow infrastructure provision to be unlocked earlier in development
- providing additional reliefs for developing charities
- providing 100 per cent exemption from CIL for most types of affordable housing; and
- enabling authorities to draw the administrative costs of CIL from CIL receipts.
The full regulations can be read here.
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