CIL UPDATE
July 9, 2012
It is widely known that the Mayor of London’s charging regime came into force on 1 April 2012. The charge varies between £20 and £50 per metre squared for all types of development, except those used for health or education.
However so far five other charging authorities have also adopted a CIL charging schedule and many more are anticipated to follow – these include Portsmouth City Council and the London Borough of Redbridge.
Where development commences in a London Borough that has its own charging schedule ( such as Redbridge) the Borough will collect the combined CIL in respect of its own charge and the Mayor of London’s charge.
Where there is an overlap with the Crossrail Levy, CIL is to be treated as a credit against Section 106 payments.