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Capturing development value, principles and practice: why is it so difficult?

Crook, Tony and Whitehead, Christine M E (2019) Capturing development value, principles and practice: why is it so difficult? Town Planning Review, 90 (4). 359–381. ISSN 0041-0020

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Identification Number: 10.3828/tpr.2019.25


Land prices have risen significantly in England over the last two decades, generating debate about how far ‘unearned increments’, particularly those arising with planning permission, can and should be taxed for the public good. In principle, taxing such increases should be easy, although experience suggests otherwise. Taxing them, like any other tax, should be judged by how much is raised together with three welfare criteria: do they promote a more efficient use of resources; achieve more equitable outcomes; and comply with taxation principles of revenue raising, fairness and administrative competence. The paper discusses the two main UK mechanisms: unhypothecated national taxation and negotiated local contributions for infrastructure and affordable housing, assessing how far they have met these requirements. Finally, the paper considers how the current system might be modified better to achieve the desired outcomes and whether there is a case for more fundamental reform.

Item Type: Article
Additional Information: © 2019 Liverpool University Press
Divisions: Geography & Environment
Subjects: H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 31 Jul 2019 08:27
Last Modified: 06 Apr 2024 18:39

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