Overage - An Introduction for Property Advisers in Scotland

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