IoM Overhauls Planning Application Levies

By Editorial 12 June, 2012

The Isle of Man government has announced proposals to comprehensively restructure planning application fees to recover a more realistic percentage of costs incurred.

The proposals would see planning application fees increase above the rate of inflation from July 1, 2012. Despite this, levies in the Isle of Man will remain more competitive than in many other jurisdictions, including in England and Scotland, the Manx government said.

Under the proposed changes, fees will be simplified and rounded to the nearest GBP10 (USD15.50), and a new maximum fee of GBP7,500 (GBP12,650 for minerals or waste applications) will be introduced. This will replace the single flat rate fee system, which included a graduated scale of fees, tied to the size of the site area/floor space created.

In addition, a new fee will be introduced in relation to planning applications made within 12 months of: the grant/refusal or withdrawal of any planning application on the same site as the earlier application; for a development of the same character or description as that for which the previous application was made, and where no determination was reached. This will be applied regardless of whether the type of development being proposed is the same or differs from that proposed previously.

Under the new structure, a fee for a single dwelling will rise from GBP199 to GBP230. In comparison the current fees charged for planning applications in the Isle of Man are significantly lower than those adopted elsewhere. For example, in England the charge for the erection of a dwelling ranges from GBP335 to GBP250,000, and in Scotland from GBP319, rising to maximum of GBP15,950.

Tags: Expatriates | Isle Of Man | Tax | Real-estate | International Financial Centres (IFC) | Fees | Offshore |


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