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FOI - Tax Trial: Land Value Tax for London [June 2022]

Key information

Request reference number: MGLA060622-2399

Date of response:

Summary of request

I was intrigued when reading Tom Copley's report “Tax Trial: Land Value Tax for London?”. Housing is an important issue to me and I believe that a land value tax would make housing more accessible for Londoners, while relieving the burden on the high street by potentially replacing business rates, and helping tenants through a possible reduction in council tax. In your response to the report, you suggest that officers may raise issues of tax devolution with the Treasury. Further, in the report “Devolution: a capital idea”, the following recommendations are given:

  • National government should work with London’s government to trial the operation of a land value tax pilot on undeveloped land.
  • Short of full property tax devolution, the Government should work together with the boroughs, the GLA and TfL to develop a consultation paper on the objectives, principles and design options of a land value capture charge.

I would like to know:

  1. If the Treasury been contacted regarding an implementation of Land Value Tax (LVT) in London.
  2. Communications regarding further tax devolution with the Treasury and/or other relevant figures.
  3. If any action has been taken in regards to the recommendations quoted above (from “Devolution: a capital idea”).

Related documents

MGLA060622-2399 - FOI response

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