Course description
Overage as a concept is regularly thrown about in discussions around the sale or purchase of development sites. But what exactly is overage, and how does it work?
This webinar will lead you through the basics of some types of overage to gain an understanding of the principles and some risks to look out for.
The types of overage to be covered in this webinar include house price growth, increase in developable areas, development sale clawback, section 75 savings, LBTT considerations, and more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Overage as a concept is regularly thrown about in discussions around the sale or purchase of development sites. But what exactly is overage, and how does it work?
This webinar will lead you through the basics of some types of overage to gain an understanding of the principles and some risks to look out for.
What You Will Learn
This webinar will cover the following:
- What is overage?
- Why provide for overage?
- Some types of overage:
- House price growth (sales revenue overage)
- Increase in developable areas (square footage increase)
- Development sale clawback
- Section 75 savings
- LBTT considerations including applications to defer payment
- Securing the future payment obligations
Expenses
MBL Seminars Limited
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