Implementation - Land Value Tax Campaign

Promoting LVT

Written on 22 November 2022. Posted in Transition.

I received an enquiry from someone representing a group in Italy who are trying to promote LVT. The enquirer was looking for data to show what the impact of a change from existing taxes to LVT would be. Unfortunately, I was not able to provide such information, and there is none on this web site. The link at the bottom of the article attempts to explain why. Within the LVT movement, the approach...

Implementing LVT

Written on 5 September 2022. Posted in Transition.

There are several articles on this website about how Land Value Tax (LVT) might be implemented, and also on other web sites such as that of the Labour Land Campaign. The proposal by the campaign Fairer Share is another approach at reform, in the same general direction. There is a comprehensive discussion of the topic on the LVTC website here. Advocates of LVT generally take the view that the...

Collecting land rent without LVT

Written on 20 February 2022. Posted in Collection.

There are of course three main ways a government can collect land rent. 1. Just own land and buildings and rent them out. That way there is no need to differentiate between rental value of buildings and of the location. We have that with Crown Estates and Housing Associations (which are QUANGOs and ultimately part of the government) who rent out at or close to market value and council housing, which...

Zoopla: What is the best value home?

Written on 3 October 2021. Posted in Valuations.

Article by Zoopla, spotted by Henry Law: Key takeaways The same amount of space in some parts of the UK can cost a whopping 12 times more than in others. The floorspace needed for a double bed alone in London’s Kensington and Chelsea stands at £43,951. Three-bedroom homes offer the best value for buyers seeking more space for their money. But watch out! Prices for this type of property are...

Re: Appeal decision

Written on 2 May 2021. Posted in Valuations.

Anytown District CouncilHigh Street Anytown AN1 1AAxx April 202x Mr & Mrs Smith1 Acacia AvenueAnytown AN2 4BQDear Mr & Mrs Smith Your Domestic Rates Bill 202x-2y – Property Ref. XYZ1234 – Appeal decision We confirm receipt of your appeal against our initial estimate of the net rental value of the above property at £7,000. You submitted evidence to support a lower net rental value...

Land Value Tax in action

Written on 27 March 2021. Posted in Collection.

From the BBC: Leader Sir Ed Davey put forward his “sovereign green wealth fund” proposal at his party’s spring conference. He said the government raised £9bn last month from auctions to build wind farms on the coasts of England and Wales. The “sovereign green wealth fund” is an irrelvance here. What triggers a tax and what the government does with the proceeds are two...

Land Value Tax implementation – the easy way

Written on 12 February 2021. Posted in Collection.

Anytown District CouncilHigh Street Anytown AN1 1AAxx January 202x Mr & Mrs Smith1 Acacia AvenueAnytown AN2 4BQDear Mr & Mrs Smith Your Domestic Rates bill 202x-2y – property ref. XYZ1234 Following enactment of The Tax Simplification Act 202x, various taxes will be abolished and replaced with a single tax on land and buildings with effect 1 April 202x. The taxes which will be replaced...

Discovering land rental values

Written on 5 August 2020. Posted in Valuations.

One way to discover residential land rental values is to use web sites like Zoopla and find the ‘floor level’ rents. These are in places like the north-east; a three bed semi at Seaham, County Durham, is about £650 pcm. A similar property in BN2 is around £1500 pcm

Collection

Written on 20 July 2020. Posted in Collection.

People argue in favour of taxes on earnings and transactions on the basis that cash is changing hands, so that is a good time for the government to take an arbitrary slice. The corresponding argument against LVT (or Council Tax) is that no cash changes hands if somebody is just living in their own home and there is no cash flow for the government to take its share. That flies in the face of the...

The Transition

Written on 20 July 2020. Posted in Transition.

We live in the real world and accept that it would take a decade or more to phase in LVT and phase out most other taxes. This is not all-or-nothing and can be done in stages. Every small step in the right direction is a step in the right direction, even if we never “get there”. We have explained the main stages and running order for the transition under the heading “How much will I pay?” Replacing...

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