More development sites are tempted onto market
The government’s decision to allow investors who bought sites between 2012 and 2014 to sell within four years has seen a host of new sites being up for grabs
Supply of development land has picked up this year as a result of the government’s carrot-and-stick approach to improving supply. The carrot has been the government’s decision to allow those investors who bought sites between 2012 and 2014 to sell within four years, rather than the original requirement to hold for seven years in order to qualify for capital gains tax exemption.
Among the development sites to come to the market as a result of...
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