Belfast·SPG002 Development Viability·Page 19·4.6.2
Other development cost assumptions
Additional costs associated with land development include professional fees (8% of development costs), marketing fees (3% of GDV), agents and legal fees (1.5% of land value), and Stamp Duty Land Tax at prevailing rates.
Other costs associated with the development of land included professional, marketing and legal fees, and Stamp Duty Land Tax. These are summarised in Figure 4.4 below.
Figure 4.4: Other development cost assumptions
Type Cost Measure
Professional fees 8% of development costs
Marketing fees 3% of GDV
Agents and legal 1.5% of land value
Stamp Duty Land Tax (SDLT) Prevailing rates % of land value
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