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
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
Red necktie with map of Boston

Tie one on to celebrate your city

Choose from over 20 styles of neckties imprinted with detailed city or transit maps.
$44.95