Financial News     SFIA Ltd School Fees Advisers
Home
About Us
Financial News
Latest Articles
Annuities
Asset Allocation
Corporate
Current Issues
Economic Issues
Independent Education
ISAs
Investments
Market Overview
Property
Protection
Retirement
Tax
Trusts
With Profits
----------------------------
Financial News Archive
Our Details
contact Us

Search

SFIA Group
School Fees Planning School Fees Planning
Independent School Search Independent School Search
Mortgage Services Mortgage Services
Tax Planning Tax Planning
Wills and Estate Planning Wills and State Planning
Client Services Client Services
Financial Information Service Financial Information Service

Eco-towns

The government recognises the first official zero-carbon home


Plans to create eco-towns across the UK have moved a step closer as the government recognised the first official zero-carbon home.

The housing minister, Yvette Cooper, has awarded a stamp duty exemption certificate to a prototype carbon neutral property - the most environmentally friendly home yet built and the first to meet the highest standards laid out in the government's code for sustainable homes.

The two-bedroom Lighthouse was built using energy-efficient construction methods, and makes the most of renewable and sustainable energy technologies.

The fabric of the building is highly insulating and airtight, and is designed to provide generous amounts of daylight to reduce the energy needed to light the property.

Solar panels will heat water for the home's owners, while water efficiency devices reduce waste.

Properties like the Lighthouse will make up the new eco-towns of 20,000 homes announced recently by Gordon Brown.

The prototype building meets level six of the government code, which looks at water, energy, waste and six other criteria covering a building's overall sustainability performance.

The code was introduced in December 2006 as part of the government's plan to make all new homes carbon neutral by 2016, a target which some have described as impossible.

It is currently voluntary, but the government is considering introducing a legal minimum standard for all new builds.

Properties can be awarded a rating from one to six stars, with those receiving the maximum score qualifying for stamp duty exemption for being zero carbon.

The scheme was created to encourage developers to build such properties and buyers to take an interest in them.

With stamp duty charged at 1 per cent on properties costing between £125,000 and £250,000, someone buying a zero-carbon home for £200,000 would save themselves £2,000.

If you require any further information about the services that we provide or would like to review your financial planning position, please contact us

Articles