We recently commented on the draft legislation Residential Property Developer Tax in an article by Inside Housing. Since the publication of that article, the position of Registered Providers (RPs) has been clarified.
The Government have recognised the inflexibility of the CIL payment regime and have announced that they will introduce amendments to the Community Infrastructure Levy Regulations 2010 to enable charging authorities to defer payments and temporarily disapply late payment interest.
Order comes into effect to amend Permitted Development rights to allow local authorities and certain health service bodies to carry out development for dealing with emergencies.
Devonshires are delighted to have advised its first clients on the establishment of commercial paper programmes to enable them to access the Bank of England’s Covid Corporate Financing Facility.
The Riverside Group Limited (Riverside) has completed what is thought to be the housing sector’s first loan facility using the Sterling Overnight Index Average (SONIA) interest benchmark.