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21 Jul 2010 04:07:04

New tax for homes without insulation

Ministers are planning to penalise poorly insulated homes in the form of higher stamp duty, it was announced yeseterday. The scheme is part of the Government’s wider target to reduce UK’s carbon emissions by 15% by 2020.
Insulation grants not being claimed

The Government is said to be concerned that homeowners are still not taking advantage of insulation grants to help increase the efficiency of their home. It is thought this latest tax on poorly insulated properties is designed to encourage the 3 million+ homes yet to apply for a cavity wall or loft insulation grant, to do so soon.
Green loan

The umbrella ‘Green Deal’ scheme is also in development, whereby the government would funds improvements to a home’s energy efficiency, for which the homeowner would pay-back from savings on their energy bills. It is thought this could cover cavity wall insulation, loft insulation, double glazing, and also renewable energy sources such as solar PV and wind power.

Whilst details are still sketchy, homeowners who do not take up the Green Deal scheme could be liable for a 0.5 rise in stamp duty, according to The Times.
Forcing homes to insulate

This is the latest in a line of plans to ‘force’ households to increase their energy efficiency, and looks to replace previous ideas such as banning the sale of property unless adequate insulation was in place.
Apply for insulation grants now to avoid the penalty

Households are being encouraged to claim their insulation grant now while waiting times are low, and avoid any such penalties planned for the future.

You can apply for an insulation grant at http://www.insulationgrants.info

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