Richmond infrastructure levy charges unveiled

Housebuilders could face charges of up to £275 per square metre of floorspace under plans for a new tax on development published for consultation by the London Borough of Richmond upon Thames.

Richmond: infrastructure levy proposals unveiled (picture by: Heather Cowper)
Richmond: infrastructure levy proposals unveiled (picture by: Heather Cowper)
The south-west London borough today published a Community Infrastructure Levy (CIL) preliminary draft charging schedule for a six-week consultation, ending on 28 January 2013.

The document proposes two charging zones for residential development. A charge of £275 per square metre would apply in a "higher band" zone covering Barnes, Kew, Richmond, St Margarets and part of Twickenham.

In the remainder of the borough, including Teddington, Hampton and Whitton, residential developments would be required to pay a levy of £210 per square metre.

The borough’s preliminary draft charging schedule also proposes a charge of £150 per square metre for convenience retail in all locations.

Comparison retail (stores selling goods which are not everyday essential items) developments would face a charge of £150 per square metre in Richmond town centre, but would not be required to pay CIL elsewhere in the borough.

Consultancy Roger Tym and Partners produced a viability study for the local authority.

The preliminary draft charging schedule is available here.

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