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Stamp Duty land tax on zero-rated carbon homes

On December 7, 2007, the government gave zero-carbon homes organic input under £ 500,000 exempt from stamp duty land tax. This relief is available in new buildings and will continue until September 30, 2012. With households in this country about the increase of 223,000 per year (according to government statistics) and an increasing awareness of "green living" among many public developers have put this firmly in their business plans. We talked with the leading builders of new homes in Cornwall, Percy Williams & Sons who specialize in green building design in the UK and have a unique development: Fairglen in Hayle.

Simon Percy Williams Williams & Sons said that "the Government's statement that houses were rated Zero Carbon exempt from Stamp Duty Land Tax was initially shot in the psychological arm us on this project of ecological houses, but a thorough study of the strict definition of zero carbon and how we could eliminate this obstacle ended in disappointment '

A carbon-free home energy efficiency needs in three areas, including heat loss, the CO2 emission rate and housing net CO2 emissions. If eligible an accredited assessor will inspect the home and issue a certificate.

For The real holy grail of zero carbon is difficult, at best, since it requires a building to have a net production of carbon into the atmosphere of zero. In Fairglen in Hayle homes are almost the only effective for this type of development, but also need a wind turbine to catch the last bit of balance generation supply. Due to the location protected valley that the site is in the turbine could not be done efficiently.

With the help of John Peapell Sustainable Solutions, a consultancy specializing in this field, Percy Williams & Sons were willing to pay for a turbine at an existing site elsewhere and then move on property of the residents' management of the company. It would be just as economically feasible, that the savings on Stamp Duty Land Tax is could devote to this, and the property owners would benefit in the future revenue of the turbine and green offset credits. In a general economic and ecological solution.

Unfortunately in exploring the details of legislation Percy Williams & Sons found it established that the generation had to be "hard-wired" for development, not only of his property.

"I feel that the posts were not where one might expected to be in it; homes will achieve this only when no huge arrays of solar panels or wind turbines in place, of course restricts their locations for more wind energy facilities and less efficient. So it is quite safe for the Treasury to offer, "said Simon Williams.

Percy Williams and Sons continue to develop the state of the art designed and environmentally friendly homes and that is where his passion, perhaps the government paid to citizens who choose to live in these houses and developers a day?

About the Author

Anna Barrington writes for Percy Williams and Sons. For more information about this development please visit Eco Homes in Cornwall. For latest news and happenings in the area please visit the living in Cornwall Blog.

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