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:
- If the Treasury been contacted regarding an implementation of Land Value Tax (LVT) in London.
- Communications regarding further tax devolution with the Treasury and/or other relevant figures.
- If any action has been taken in regards to the recommendations quoted above (from “Devolution: a capital idea”).
Related documents
MGLA060622-2399 - FOI response