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Paper eres2005_161:
Betterment in the UK: Past Present and Future

id eres2005_161
authors Dubben, Nigel and Frances Plimmer
year 2005
title Betterment in the UK: Past Present and Future
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary In early 2004, a review of UK housing supply undertaken by Kate Barker (the Barker Review) was published. The review looked at a range of issues which might be constraining the number of houses being built in the UK. In the final report, one of the solutions proposed to encourage the supply of land for residential development is a form of betterment tax. The UK has a disastrous history of betterment taxes, each of which failed in its aims of securing for the state added value from development rights. The property industry has reacted with concern at the recent proposals for a new development tax and this paper discusses the issue of using a development tax as a device both to secure the supply of residential land to meet the UK's needs and to provide funding for much needed infrastructure to support the new developments. The paper also discusses the valuation issues which have underpinned earlier attempts at recapturing betterment for the community and, in the light of these, reviews the taxation proposals of the Barker Review.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session Session B5
last changed 2008/11/01 09:47
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