Financial Times FT.com

CBI calls for rethink on commercial land tax

By Jim Pickard

Published: October 4 2005 03:00 | Last updated: October 4 2005 03:00

The CBI has called for ministers to rethink a proposed tax on commercial landowners, which is set to be announced in the pre-Budget report.

The business group, which is about to present its official submission on the PBR, will criticise the "planning gain supplement" as a counter-productive and potentially unworkable idea. "We are really worried about it," said Lucinda Turner, head of infrastructure at the group.

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