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What is Understanding Development Charges (DC) about?

Development charges (DC) are a tax paid to the government when a property undergoes redevelopment that increases its development intensity and land value, calculated as a percentage of the increase in land value between the proposed and approved developments. DC rates are set twice yearly by land use and geographical sector and expressed per square meter of gross floor area. Examples demonstrate how DC is calculated based on the development ceiling from the proposed project versus the development baseline s

Author

jose300

Language

EN