Devolved powers to control inflation in London's housing market

Meeting: 
MQT on 2014-11-19
Session date: 
November 19, 2014
Reference: 
2014/4267
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Do you believe that the Mayor of London should have devolved powers over capital gains tax relating to London property and over powers to regulate residential rent levels?

Answer

Answer for Devolved powers to control inflation in London's housing market

Answer for Devolved powers to control inflation in London's housing market

Answered By: 
The Mayor

I support the London Finance Commission's recommendation that the full suite of property taxes (council tax, business rates, stamp duty land tax, annual tax on enveloped dwellings and capital gains property disposal tax) should be devolved to London government. However, I do not support regulation of residential rent levels.