Considerate Constructors Scheme’s Post

Yesterdays budget unveils a mix of updates for the construction sector. The increased funding for new infrastructure and the ongoing focus on housing are positive steps forward. However, the rise in taxes, including heightened employers' national insurance contributions, may pose financial challenges for SMEs, crucial players in the industry and its supply chain. Let's hope we can learn from past mistakes and also monitor the impact of the higher rates for national insurance hikes for SMEs and keep lobbying to improve and amend where necessary. #BudgetUpdate #ConstructionSector #Infrastructure #Housing #SMEs

‘It’s mixed news for construction’: industry reacts to autumn budget Chancellor of the Exchequer Rachel Reeves yesterday (30 October) delivered Labour’s first budget in 14 years. Reeves said the government will raise taxes by £40bn, including an increase in national insurance contributions for employers from April – news that has not landed well in the construction industry. However, she also announced a £5bn investment in house building and confirmed funding to extend HS2 to London Euston station, which has been welcomed in the sector. Here’s a roundup of reactions from construction leadership to the chancellor’s autumn budget. CIOB director of policy, research and public affairs Eddie Tuttle “Today’s budget offers mixed news for the construction sector. Increased funding for new infrastructure is welcome, as is the continued emphasis put on housing, but higher taxes, like increased employers’ national insurance contributions, are likely to increase financial strains on the SMEs that are so vital to the industry and its supply chain. “Increased tax rises without consistent monitoring of the impact they have on the health of crucial sectors, such as construction, run the risk of damaging the pivotal role SMEs play. We urge ongoing government consultation with bodies like CIOB to monitor these impacts on the sector. “We welcome the government’s plans to introduce the Warm Homes Plan and we hope policymakers will consult with the construction industry on how the grant funding will be targeted, to avoid repeating previous mistakes in other upgrade schemes. “Finally, building safety remains a critical concern for the construction industry, so we were pleased funding for dangerous cladding remediation was acknowledged as part of the budget, particularly in the wake of the second phase of the report into the tragedy at Grenfell Tower.” #ConstructionNews #Construction #QuantitySurveyors #Estimators #Recruitment

https://lnkd.in/gSdbuwUC There are many examples of the duplication in the administration of government services that exist within the Niagara Region. Whether it is the role of CAO, fire chief, director of finance, planning, economic development there is a myriad of duplicated roles across Niagara and ample opportunities to mitigate these duplicated roles by coming together. Niagara taxpayers can no longer afford the duplicated costs associated with the administration of government services here in Niagara. It is time for the province to step and facilitate change. #timeforchange

As I watch the Farmers rise up in protest against the Government’s changes to Inheritance Tax and rallying support from across the country, it makes me wonder… why isn’t the Construction Industry, from Building Contractors, SME developers to National housebuilders, doing the same? Why aren’t we demanding action? We are facing an ongoing crisis in our sector — a lack of meaningful support for First-Time Buyers, rising National Insurance contributions, and a mountain of additional taxes that are suffocating the very lifeblood of our industry. The construction sector is the backbone of the UK economy, contributing over 7% of GDP and £122 billion annually. Yet, we continue to see small and large contractors and SME Developers alike going out of business at an alarming rate. Why? Because the system is failing us. The planning process is a mess, we are grappling with an aging and shrinking workforce, and the rising costs of building are only getting worse. Every day, we’re forced to jump through more regulatory hoops, making it even harder to deliver the housing this country desperately needs. Meanwhile, the Government continues to tinker around the edges, offering little to no meaningful support to address these fundamental challenges. We need to ask ourselves: why is the UK’s largest industry so quiet in the face of this crisis? Why aren’t we demanding more from our leaders? It's time for the Construction Industry to step up, unite, and fight for the future of our sector. If we don’t, we risk losing not just jobs and businesses but also the failure in delivering the Housing that our country and our society so desperately need!!!

Additional CPO Compensation Regulations came into force on 1 October 2024. Planning partners, Chrisa Tsompani, Stephanie Hall and Nigel Hewitson explain: S190 LURA 2023 was brought into force earlier this year, which means that on a case-by-case basis, the acquiring authority may apply for a direction to disapply hope value from the compensation due to affected landowners where development is in the public interest and facilitates affordable housing, or is for the purpose of the NHS, or for education uses. This relies on the acquiring authority complying with a “statement of commitments”. In the event that the statement of commitments is not fulfilled within ten years, or there is no longer any realistic prospect of the statement being fulfilled, the landowner may apply for additional compensation. The Regulations set out the procedure for such applications and make provision about the steps that must be taken for: - The purposes of publicising or giving notice of a direction for additional compensation; and -Interest to be applied to amounts of additional compensation that are payable. The Regulations also set out how or when additional compensation (and any interest) is to be paid and makes provision for additional compensation to include costs and, where applicable, an additional amount to make good qualifying losses, and set limits on what such losses may include. Find out more: https://lnkd.in/eVjHJ_tb #davittjonesbould #realestate #commercialproperty #planning

Watching farmers rise up against the Government’s inheritance tax changes, I can’t help but ask—why isn’t the construction industry doing the same? The UK is in crisis: - First-time buyers are left in the cold. - National Insurance hikes and taxes are piling up. - Planning is a nightmare. - Costs keep climbing, cash flow is tightening, and businesses are folding. Every week, we hear of contractors, consultants, and developers—large and small—struggling to stay afloat. Jobs are being lost, livelihoods destroyed, all while the ‘system’ is failing us. Meanwhile, the Government offers little more than empty gestures. Construction is the backbone of the UK economy. Contributing more than £120 billion every year, driving over 7% of GDP. Yet many are stuck jumping through endless hoops just to stay afloat. Why doesn’t the construction industry demand better? If farmers can rally a nation, maybe now is the time for us to stand united and fight for the future of our industry. #ConstructionIndustry #Construction #SupportConstruction

Retention is just as important as acquiring and developing property. We lose alot of property and value in real estate because we weren't prepared for life after closing. Taxes, heirship, and deferred maintenance are just a few things to worry about. Inside the city HOAs are nearly non existent so you have to take care of your home and community. Real estate professionals, community, and public sector workig together are best suited to address these issues. So I called in a few reinforcements to share whats going on on the market as well as best practices and solutions for dealing with some of the most common property owner issues. 🗑Dumping 🏚Nuisance properties 💰Taxes and savings 🙏🏾Insurance 🤴🏾Probate and heirship 🏗Develop on your lot 🛠Maintenance Wednesday 4/24 6 to 8 3611 Ennis Food and refreshments served Message me for link or check comments.

Buying a Fixer-Upper? Don’t Bank on Non-Residential SDLT Rates! Thinking of purchasing a run-down property and paying lower stamp duty (SDLT) by claiming it’s uninhabitable? Be careful! 95% of claims for non-residential rates on investment properties are rejected by HMRC. Here’s what you need to know: 💡 Key Takeaways: “Uninhabitable” doesn’t mean “needs work.” Properties requiring new kitchens, bathrooms, boilers, or even structural repairs are still likely to be classified as residential for SDLT. A property must be derelict or structurally unsound to qualify for non-residential rates. Modernisation work doesn’t make a property uninhabitable. ❗ Think twice before claiming non-residential rates. If the property has previously been used as a dwelling and remains structurally sound, it’s probably still classified as residential for SDLT purposes. 🔗For the full blog click here: https://lnkd.in/e55pw7zu #StampDuty #PropertyInvesting #SDLT #TaxTips #BowesBrooks #HMRC

Victorian property tax to hit homes, farmers, and businesses: Yet another increasing tax in Victoria will only further incentivise investors – and particularly SMSF trustees – to review their property investments in the state, according to a legal specialist. https://bit.ly/40KhZAf