Capturing increases in land value
Debates about whether and how to tax or otherwise ‘capture’ increases in land values have dominated planning and housing policy debates for decades. The attempts to tax increases were largely unsuccessful and whilst planning obligations policies and practices have had the effect of capturing land values to finance for infrastructure and affordable housing they have been only partially successful. Debates about how to capture increases more successfully and especially to help finance more new affordable homes continue. The paper looks at the arguments for capturing increases in land values especially increases following planning permission, reviews the evidence of the outcome of policies and considers what more might be done including in the light of experience overseas and the differing experiences within the nations of the UK.
Author: Professor Tony Crook CBE FAcSS FRTPI (University of Sheffield)
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Date: January 13, 2020 9:00 am
Author(s): Tony Crook
Tags: Summary
Categorised in: Economy
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