The CLA made a submission to HM Treasury ahead of the 2021 Budget, recommending a number of changes to the tax system to support the delivery of housing in rural areas by CLA members.
Our proposals include:
- Introduce a conditional exemption from inheritance tax for affordable housing for the period they remain let at affordable rent.
- Align VAT on housing renovation and repair with new build in order to stop disincentivising the re-use of existing buildings
- Tax neutrality between different collaboration models for the delivery of land for housing development