Out-Law News | 26 Aug 2014 | 5:20 pm |
The DCS (4-page / 832 KB PDF) proposes a nil rate for all development within the White City East area and the Earls Court and West Kensington Opportunity Area. The Council said it expects to continue collecting financial contributions through the use of section 106 agreements in these areas.
The remainder of the borough will be split into a north zone, a south zone and two central zones, under the proposals. Residential developments will be charged proposed rates of: £100 per square metre in the north zone; £200 per sq m in the two central zones; and £400 per sq m in the south zone. The same charges are proposed for houses in multiple occupation and for hostel developments.
The DCS proposes a rate of £80 per sq m for office developments in the zone named 'Central A', which covers Hammersmith town centre, with a nil rate proposed in the rest of the borough.
A borough-wide nil rate levy is proposed for developments with health, education, industrial, warehousing, motor vehicle display and sales, scrapyard and hotel uses.
All other uses will be charged a rate of £80 per sq m outside the two exempt areas, the DCS said.
Consultation on the DCS will be open until 3 October.