In 2019, a number of Local Authorities issued Demand Letters for payment of the Vacant Sites Levy. The levy is charged at 3% of the market value for 2018 ( being the first year of the charge) and increases to 7% of the market value from and including 2019. The levy is payable annually in arrears and as such, the first demands were received in 2019 in respect of the year 2018.

The levy was introduced by the Urban Regeneration and Housing Act 2015 to help address the Housing Crisis by penalising the non-development of housing on vacant sites in urban areas.

Section 17 of the Urban Regeneration and Housing Act of 2015 does provide that where there is a change in ownership of a vacant site, the amount of the vacant site levy to be charged in respect of that site for that year and for the preceding year should be zero subject to certain pre-conditions as set out within Section 17.

Only time will tell if the imposition of the levy will have the desired effect to promote development on vacant sites. If you have any questions surrounding this or any other conveyancing matters, please contact Thomas Norris or Michael O’Grady in our office.

Client Testimonial

I am pleased with your firm’s service and everything has been answered in a timely manner. I appreciate having your firm handle my case; they have put my mind at ease. I would absolutely recommend your firm to family and friends.”

Client Testimonial

‘For the last 5 years I have regularly engaged the services of MW Keller. They are wonderful service providers. Their attention to detail, responsiveness and business acumen is exceptional. I know if I engage them to work on a legal issue they will represent my interests fully and take the burden off me. It’s also good to get questions answered in a timely manner. I would highly recommend them.’ 

Client Testimonial

MW Keller’s came highly recommended from a friend, and they didn’t disappoint. From the time we engaged them, to the close of our house sale, their advice was clear and concise. Once we appointed them we received a detailed email outlining all the various things we needed to do in order to be fully compliant with all the various bodies and authorities, including helpful links to websites to guide us through the process. Nothing appeared to phase them. They’d seen it all before and had almost immediate answers, no matter how complicated we thought an issue was. We would have no hesitation in recommending MW Keller & Son.