Land: Valuation
The question
To ask the Secretary of State for Housing, Communities and Local Government, what research his Department has commissioned on (a) land value capture and (b) land valuation taxation since 4 July 2024.
Answered by Matthew Pennycook
In summer 2024, my Department commissioned the Valuation Office Agency (VOA) to provide a viability study to support proposals for new ‘Golden Rules’ for Green Belt development. These proposals were set out in the consultation on proposed reforms to the National Planning Policy Framework (NPPF) and other changes to the planning system, published in July 2024. The revised NPPF and a response to the public consultation was published in December 2024.
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