8th July : 2:00 pm – 6:30 pm
A symposium as part of a joint University of Cambridge / TCPA research policy impact project.
This free to attend event is by invitation only, so if you would like a colleague to attend in your place, or you would be interested in attending but have not received an invitation, please contact events@tcpa.org.uk.
| 2:00pm-2:30pm | Registration |
| 2:30pm-5:00pm | Symposium |
| 5:00pm-6:30pm | Informal discussion and networking with refreshments |
Introduction
The issue of taxes, levies and tariffs on the development value of land continues to be a hot topic. The government is committed to ambitious levels of house building and growth, but support from local communities will depend on the provision of adequate supporting infrastructure, affordable housing and development impact mitigation, much of which is funded from increased land values. Given the time-consuming nature of planning obligations, capturing enough value to meet these demanding place-making requirements seems likely to require increased use of non-negotiable, formula-based and standardised developer contributions.
The existing Community Infrastructure Levy is maturing and now raises an estimated £1.2bn per year. Planning obligations are again being used to impose tariffs or ‘roof taxes’. And although the government has decided to abandon the proposed new Infrastructure Levy, it is proceeding with a specific Nature Restoration Levy. So, what comes next?
At the event we will launch a major policy paper that is based on the implications of a year-long University of Cambridge research project which re-assessed the reasons for the repeal of all previous UK development taxes since 1945. The research, conducted at the University’s Department of Land Economy, challenges much of the received wisdom about the failure of previous taxes and opens up new directions for policy debate. This event provides the first public opportunity to hear about the research and its striking lessons for policy makers today.
This project is funded by the University of Cambridge’s Social Science Impact Fund, Department of Land Economy and Centre for Science & Policy; by the Town & Country Planning Association; and by the Lady Margaret Paterson Osborn Trust.
