Report Shows UK Land Levy Ineffectual

A proposed land levy in the UK that is intended to raise funding for local governments has been shown in recent reports to fail to increase the amount of money trickling down to local municipalities.

Planning-gain Supplement, a plan to generate money for local authorities by taxing newly approved developments, has been shown in recent reports to hinder development and therefore decrease funding to local authorities.

"PGS is a levy designed to capture part of the increase in land value that comes from planning permission being granted for a development."

"It has been found that PGS is likely to reduce the supply of smaller development sites as it would render some of these financially unviable, and it seems to deliver the increased funding for investment in infrastructure to support housing growth."

Full Story: Proposed Planning-gain Supplement may hinder new developments claims report

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00