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Oct 27, 2021 · This collection brings together a list of Freeport maps, Freeport customs site and Freeport tax site locations legislated for within them, and a statement on the designation process.
- Maps of UK Freeports
These maps show Freeport locations in the UK, their outer...
- Freeports
Each Freeport has up to 3 ‘tax sites’, carefully selected by...
- Maps of UK Freeports
Oct 27, 2021 · These maps show Freeport locations in the UK, their outer boundaries and the Freeport tax sites within them.
Oct 27, 2021 · Each Freeport has up to 3 ‘tax sites’, carefully selected by local councils, on which they aim to encourage investment and appropriate development. These sites are the economic engine of the...
Freeports in the United Kingdom are a series of government assigned special economic zones where customs rules such as taxes do not apply until goods leave the specified zone. The theoretical purpose of such freeports is to encourage economic activity in the surrounding area and increase manufacturing.
There is total relief from SDLT on land purchases within Freeport tax sites in England (and similar relief in Scotland and Wales) where property is to be used for qualifying commercial activity. Read a full explanation of the Freeport SDLT reliefs and how they work.
Businesses in these tax sites will be able to benefit from a number of tax reliefs including: An enhanced 10% rate of Structures and Buildings Allowance for new investment over life of asset (compared to standard rate of 3%).
Aug 25, 2023 · UK Freeports are geographically-defined areas containing designated secure tax and customs sites. They are intended to be hotbeds of innovation, to attract trade and investment, and to intensify the economic activity of port areas. At the March 2021 UK Spring Budget, it was announced that the eight Freeport sites in England are:
