Change in tax laws set to reignite self-build industry
The number of self-build homes has been in steady decline but that looks set to change with the Department of Communities and Local Government now saying that self-builders will be exempt from paying the complex Community Infrastructure Levy, a tax which varies according to geographical location and applies to larger self-build projects. The National Self-Build Association calculates that one in eight self-build projects has been mothballed over the past two years because of the CIL. They expect the change in legislation to encourage the resurrection of some 3,000 self-build projects.
Homeowners wishing to add an extension or annexe of a certain size will also benefit from CIL exemption.