Windfall Tax on Development Land

Practice Areas

Trusts & Tax Law

We are solicitors in London WC2 UK

Our lawyers advise on all tax implications including the windfall tax on development land

Trusts and Tax

Windfall Tax on Development Land
A return to the Betterment Levy

While there were a few nasty surprises in the Chancellors 2005 pre-budget statement, the one of most concern to land owners was the introduction of a tax on the disposal of development land.

While the tax itself will not itself be brought fully into operation until 2008 and will not affect land on which full planning approval has already been granted, its introduction will hit developers hard.

Ambrose Appelbe Solicitors have the contacts to mitigate the consequences of this harsh and punitive tax which stem from the 1970’s when development land was last potentially under attack from the Betterment Levy (which ultimately failed).

Please contact Felix Appelbe or Andrew Penfold on 020 7242 7000 if to speak to a lawyer who can help to guide you through this minefield or use the Contact Request Form.

© Ambrose Appelbe 2004-2008
This web site contains general information only and does not constitute legal advice. You should take suitable advice as to your specific circumstances. Ambrose Appelbe accepts no responsibility and disclaims all liability in relation to such information.