Property Tax Roundtable - Community Infrastructure Levy, Land Remediation Tax Relief & Budget Update

E³ Consulting was pleased to host our Property Taxation roundtable and lunch; exploring opportunities for developers and investors around their Property tax issues; specifically, Community Infrastructure Levy (CIL) liabilities and/or cleaning up contaminated or long-term derelict sites through Land Remediation Tax Relief and updates arising from the March 2023 Budget.

Tea and coffee was served before we discussed from our own experience, with case studies, the pinch points and processes that provide a wealth of opportunities to reduce your liability to CIL payments and recover some of the cost of brownfield site regeneration. We also covered the updates from the Budget.

Following the presentations and questions, guests were invited to join us for lunch.

Date: Tuesday 21 March 2023 Time: 10.30am to 2.00pm

Location: Hockley Golf Course, Twyford, WINCHESTER, Hampshire, 5021 1PL

E³ Consulting Managing Director, Alun Oliver, and Property Tax Surveyor, Todd Arnison, discussed the opportunities arising from property tax.

Following on from the Budget on Wednesday 15 March 2023, they also discussed specific new announcements/updates that affect property tax.

Despite being available since 2001, Land Remediation Tax Relief is still poorly understood and unknown by many; but can provide significant contributions to the redevelopment of contaminated and long-term derelict sites.

We regularly see Local Planning Authorities issuing CIL liabilities to developers and investors that are accepted and paid without scrutiny or challenge. It is important to ensure that the numbers have been correctly calculated in accordance with the regulations, as we consistently find opportunities to reduce CIL risk and costs.

Using our own project experience, we discussed where we believe the key areas are to manage your risk, avoid pitfalls and benefit from optimised savings; increasing the viability of brownfield site regeneration projects as well as managing and/or mitigating CIL liabilities arising from new development.

Property investors, commercial and corporate property professionals, owner-occupiers, business owners, developers, chartered surveyors, managing/finance/tax directors, funders, commercial property agents and professionals working alongside clients such as solicitors, accountants, tax advisors, planners and architects.