Tax & Fiscal
With a total estimated value of around £5 trillion, or just over half of the total net worth of the UK, land is our most valuable asset.
This has led many to question whether more needs to be done to ensure that the gains from rising land value benefit society as a whole. We aim to develop options for using tax and fiscal policy to stimulate a more productive, diverse and accountable pattern of landownership and use.
We are looking at tax and fiscal to see how it can help with the delivery of land reform objectives including:
- vacant and derelict land
- long term capture and reinvestment of land value
- diversifying the pattern of land ownership.
We will review key issues in relation to the influence of tax and fiscal policy in land use decision making and engage stakeholders widely in review of the potential role of land value taxation.