RICS has commented on a consultation by HM Treasury on tax incentives for development of brownfield land.

In a letter addressed to the Government RICS welcomed proposals to introduce 150% relief for expenditure on remediation of long-term derelict sites.  

RICS believes this measure will greatly assist developers and land owners who struggle to achieve appropriate balance in the economic viability of these sites.

Download the letter in full from the Word Downloads panel on the right hand side of this page.

For more information contact: Nadia Nath-Varma (nnathvarma@rics.org).