Tax carrots: a guide to government incentives for going green
No stamp duty for carbon neutral homes, extended energy saving allowances for landlords, tax deductions for investments in energy saving machinery… the UK government is famous for its green sticks (taxes on fuels and all kinds of other things), but it also offers a range of incentives to businesses and individuals to help guide them towards greener choices.
This handy article gives an outline to some of the tax breaks available, such as the following:
8. Stamp duty land tax on carbon neutral homes
From 1 October 2007, for a 5 year period, the first sale of a carbon neutral home will be stamp duty exempt where the sale price is below £500,000. For sales at prices above that level, the SDLT charge will be reduced by £15,000.