A new land tax could hit charities, particularly those providing homes for
the elderly and social housing.
Under the community infrastructure levy (CIL), a tax could be introduced on
property that charities sell on, and is due to come into force next April.
“CIL will represent a potentially huge and additional burden on already
stretched organisations and we would urge any charities and developers that
believe they may be affected by this to act now and seek professional advice,”
and Struthers audit partner Maria Hallows.
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham