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Planning Gain Supplement 'could further complicate system'

Accountants have warned the government that the introduction of the Planning Gain Supplement could make the planning system even more complicated.

The Association of Chartered Certified Accountants (ACCA) yesterday claimed the introduction of the proposed new tax on development could hinder the construction of housing.

The industry body said that a new Planning Gain Supplement - which will act as a levy on landowners selling their land - will put developers off investing in new homes.

Chas Roy-Chowdhury, ACCA head of tax, said: 'The system needs to be as simple as possible. These regulations are very opaque and could cause confusion for the small landowner looking to benefit from a sale.'

The government concluded a consultation on the introduction of the tax earlier this week.

by Rob Sharp

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