Significant Budget Boost For Green-Houses

In Australia, the attractiveness for developers and investors of developing green buildings has been mainly due to their marketability, as there has been little in the way of incentives offered by either the state or federal governments. Whereas in the UK, the Government has created incentives to build and use green buildings in its 2007 budget, by introducing a stamp duty exemption for zero-carbon homes. It is anticipated that this initiative will encourage more of these types of homes in the future.

A zero-carbon home is described as:

Full stamp duty relief will apply to zero-carbon homes purchased for less than UK£500,000 (AU$1,250,000). Zero-carbon homes purchased for more than this amount will benefit from a stamp duty reduction of UK£15,000 (AU$37,000). Stamp duty relief will only be available at the first point