Section 40A

Subject to the provisions of this Part, there must be paid to the competent authority a tax known as a temporary development levy in respect of every development of land authorised by any planning permission or conservation permission granted for a specified period of 10 years or less.

Subject to subsection (3), the temporary development levy is payable only if the Development Ceiling for the land exceeds the Development Baseline.

The temporary development levy payable is to be calculated in accordance with the prescribed methods and rates.

For the purposes of this section, where the competent authority extends the period for which a planning permission or conservation permission mentioned in subsection (1) is granted, the extension is deemed to be a separate planning permission or conservation permission for the period of the extension specified by the competent authority.

In this Part —

“Development Baseline” has the meaning given by Part 5;

“Development Ceiling” has the meaning given by Part 5 except that the development mentioned in section 36(7)(b) is, despite any provision to the contrary in section 36, deemed to refer to the development of the land to be authorised by a temporary permission;

“temporary permission” means a planning permission or conservation permission granted for a specified period of 10 years or less.