Land Value Capture Contents

Contents

Summary

Introduction

Our inquiry

1 Principles of land value capture

What is Land Value Capture?

Extent of the uplift in land values

Why capture land values?

Scope for capturing additional land value

What can be learned from past attempts to capture uplifts in land value?

Garden cities and New towns

Development charges and betterment levies

Lessons to be learned for future efforts to capture land value uplifts

2 Improving existing mechanisms

Section 106 agreements

Reforms to Section 106

Community Infrastructure Levy (CIL)

Tax Increment Financing

3 Legislative reforms

Compulsory Purchase Orders

Hope Value and the Land Compensation Act 1961

What is ‘hope value’?

Proposals for reform

Opposition to reform

4 Alternative approaches to land value capture

Development Rights Auction Model

Publicly-owned land

Taxation on landowners

Taxation of existing developments

Land Value Taxation

Conclusions and recommendations

Formal minutes

Witnesses

Published written evidence

List of Reports from the Committee during the current Parliament




Published: 13 September 2018