Out-Law News | 21 Mar 2014 | 2:05 pm |
The charging schedule was approved by an examiner in January who concluded that it complied with the relevant legislation and national policy and guidance subject to minor amendments.
Under the adopted schedule, residential developments in charging zone A, to the north of the North Circular, will be charged a CIL rate of £65 per square metre. In charging zone B, to the south of the North Circular, the rate will be £70 per sq m. A nil rate levy will apply to publicly funded care homes.
Convenience based supermarkets and retail warehousing will be subject to a borough-wide rate of £150 per sq m. For hot food takeaways and restaurants the rate will be £80 per sq m; for betting shops the rate will be £90 per sq m; and for hotels the rate will be £20 per sq m. All other uses across the borough will be subject to a nil rate levy.
In addition to CIL charged by the Council, any developments in the Borough will also be subject to Mayoral CIL. The Mayoral CIL charge in Waltham Forest is £20 per sq m on all uses except for health and education purposes, which are exempt from Mayoral CIL.