Charities face land tax hit
Community infrastrructure levy could hit charities selling property
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,”
said Beever
and Struthers audit partner Maria Hallows.
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