UK—A Century of Failing (and Sometimes Succeeding) at Value Capture
The United Kingdom has had a series of unsuccessful attempts at securing land value capture in 1909, 1947, 1967, and 1975. The 1909 land duties would have taxed increases in land values irrespective of the source. The latter three combined public bodies, acquiring development land with levies on dev...
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2025-04-01
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| author | Richard Grover |
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| description | The United Kingdom has had a series of unsuccessful attempts at securing land value capture in 1909, 1947, 1967, and 1975. The 1909 land duties would have taxed increases in land values irrespective of the source. The latter three combined public bodies, acquiring development land with levies on developers. For them, value uplift was limited to that arising from the granting of planning consent. None of the measures were fully implemented and were reversed by incoming governments. One of the key problems with value capture policies has been the lack of political consensus. Since 1979, consensus has developed around the use of three types of value capture instruments. Development corporations have been created for the regeneration of local areas by acquiring development land and improving it. Local authorities have been able to use planning obligations and community infrastructure levies to oblige developers to mitigate externalities. Governments have made it clear that these are not to be used as value capture devices and therefore are really applications of the polluter pays principle. Thirdly, there are national taxes that fall on increases in the value of land, namely, business rates, stamp duty land tax, capital gains tax, and inheritance tax. |
| format | Article |
| id | doaj-art-8c9b8b994a2745f4af74fad26b6e8cf2 |
| institution | DOAJ |
| issn | 2073-445X |
| language | English |
| publishDate | 2025-04-01 |
| publisher | MDPI AG |
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| series | Land |
| spelling | doaj-art-8c9b8b994a2745f4af74fad26b6e8cf22025-08-20T03:14:43ZengMDPI AGLand2073-445X2025-04-0114593610.3390/land14050936UK—A Century of Failing (and Sometimes Succeeding) at Value CaptureRichard Grover0Independent Researcher, Winchester SO22 4QJ, UKThe United Kingdom has had a series of unsuccessful attempts at securing land value capture in 1909, 1947, 1967, and 1975. The 1909 land duties would have taxed increases in land values irrespective of the source. The latter three combined public bodies, acquiring development land with levies on developers. For them, value uplift was limited to that arising from the granting of planning consent. None of the measures were fully implemented and were reversed by incoming governments. One of the key problems with value capture policies has been the lack of political consensus. Since 1979, consensus has developed around the use of three types of value capture instruments. Development corporations have been created for the regeneration of local areas by acquiring development land and improving it. Local authorities have been able to use planning obligations and community infrastructure levies to oblige developers to mitigate externalities. Governments have made it clear that these are not to be used as value capture devices and therefore are really applications of the polluter pays principle. Thirdly, there are national taxes that fall on increases in the value of land, namely, business rates, stamp duty land tax, capital gains tax, and inheritance tax.https://www.mdpi.com/2073-445X/14/5/936bettermentland value captureplanning obligationsplanning gainpolluter pays principle |
| spellingShingle | Richard Grover UK—A Century of Failing (and Sometimes Succeeding) at Value Capture Land betterment land value capture planning obligations planning gain polluter pays principle |
| title | UK—A Century of Failing (and Sometimes Succeeding) at Value Capture |
| title_full | UK—A Century of Failing (and Sometimes Succeeding) at Value Capture |
| title_fullStr | UK—A Century of Failing (and Sometimes Succeeding) at Value Capture |
| title_full_unstemmed | UK—A Century of Failing (and Sometimes Succeeding) at Value Capture |
| title_short | UK—A Century of Failing (and Sometimes Succeeding) at Value Capture |
| title_sort | uk a century of failing and sometimes succeeding at value capture |
| topic | betterment land value capture planning obligations planning gain polluter pays principle |
| url | https://www.mdpi.com/2073-445X/14/5/936 |
| work_keys_str_mv | AT richardgrover ukacenturyoffailingandsometimessucceedingatvaluecapture |