CIPFA hails removal of tax on affordable housing

From now on ALMOs will be able to take advantage of SDLT relief on land purchases intended for new social housing as well as purchases made through shared ownership schemes.

Ian Carruthers, Director of Policy and Technical at the Chartered Institute of Public Finance and Accountancy (CIPFA) said: "What might seem to be a very small change in the tax rules may well have a big impact on the provision of affordable housing.

"ALMOs currently manage over a million council homes and there is a great need to build more."

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