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Conveyancing News: Zero-Carbon Flats Bid to Beat Stamp Duty |
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Article Published: 30-Apr-2007 A block of North London flats could be the first in the country to benefit from Gordon Browns promise to exempt zero-carbon homes from stamp duty. The eight planned apartments will be almost energy self-sufficient so they do not boost carbon emissions that cause global warming. The properties in Highgate will have roof solar panels and a wood chipping fired boiler. Architect Matthew Hoade said, "This is something that is very considerate to the local environment. It does not look overtly modern with acres of glass, and it keeps some more traditional aspects." However, there are no wind turbines as trees surround the area so there would not be enough wind to make them viable. Their expected market price is between £400,000 and £800,000. Under the Mr Browns plan, zero-carbon homes worth up to £500,000 would not be liable for stamp duty. Source: Conveyancing-0800.co.uk |
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