Finance | Sarah Cannings | 23 Jan 2009

Nick Ivey and Sarah Macleod assess the likely impact of the final version of the CIL.

The planning act 2008 introduces a new tax called the Community Infrastructure Levy (CIL). This tax will be levied on the development of land and buildings and will hit both organisations intending to develop land or buildings for profit and those wishing to make improvements or alterations to property they already own, and will retain.