Uncertainty over the benefits of the proposed planning gain supplement has spelled criticism of the Treasury's plans
June 14, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
There is much discussion in the property press about the merits of the Treasury’s proposed planning gain supplement (PGS), which would centralise the collection and distribution of contributions currently collected through Section 106 agreements.
The PGS has been widely criticised by the property industry not least because of the uncertainty over precisely what benefits will be delivered at local level and what cash will be hived off by central Government.
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