The Act includes powers to introduce a new infrastructure levy which is intended to replace the community infrastructure levy in England (except in London). The main idea behind the new levy is to require local authorities to charge the levy on development in their area, to ensure that at least some of the costs of supporting that development are funded by the owners or developers of the land. The existing community infrastructure levy is left to the discretion of the authority.
The Act also introduces a discretionary council tax premium on second homes of up to an additional 100%, and also allows a premium to be charged on homes that remain empty after one year (rather than the current minimum two-year period). The empty-home premium percentage varies according to how long the property is unoccupied (the Local Government Finance Act 1992 s 11B sets out the details).
The Act includes powers to introduce a new infrastructure levy which is intended to replace the community infrastructure levy in England (except in London). The main idea behind the new levy is to require local authorities to charge the levy on development in their area, to ensure that at least some of the costs of supporting that development are funded by the owners or developers of the land. The existing community infrastructure levy is left to the discretion of the authority.
The Act also introduces a discretionary council tax premium on second homes of up to an additional 100%, and also allows a premium to be charged on homes that remain empty after one year (rather than the current minimum two-year period). The empty-home premium percentage varies according to how long the property is unoccupied (the Local Government Finance Act 1992 s 11B sets out the details).
