Land Value Capture; It's Not Over Yet
CPA North West and Yorkshire Regional Seminar
Start Date | Venue | Price | |
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25 February 2019 | Squire Patton Boggs, Manchester |
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
The UK domestic political focus is centred on the delivery of new homes and is seeking a more effective means of capturing more value from the development.
There are lobby groups who have urged the government to reform the Land Compensation Act 1961 and the formula for awarding compensation, from market and hope value to existing use value, and the MHCLG select committee sought reform; although this appears to have been resisted in the Government’s response, published on 29 November 2018.
But aren’t landowners and developers already paying a significant sum in various levies and schemes to bring forward development? Will further taxation create inertia and unfairness?
It would be foolish to think that the lobbyists will give up at this first rebuff. It would be wise for all practitioners to be aware of the debate and the CPA NW and Yorkshire regions have joined forces to present a valuable update.
Whilst such proposals may appeal to politicians, interest and lobby groups;
- Do the lobby view represent sound planning policy?
- Does it fit within, or undermine, the current CPO code?
- Do the proposals really capture land value?
- Will such policies expedite housing delivery?
- Will such reform create greater resistance from landowners making land assembly more costly and slower?
- Will it create inertia in schemes coming forward?
- Where do such proposals fit in the context of Article 1 of Protocol 1 of the European Convention on Human Rights?
- Does LVC feature and fit comfortably within the recently launched Greater Manchester Spatial plan?
Speakers
- David Holland, Chair of the CPA and Partner, Squire Patton Boggs (UK) LLP
- Jonathan Stott MRICS, Group Managing Director, Ardent
- Ian Ponter, Barrister, Kings Chambers
- Greg Dickson BSc (Hons) MA MRTPI, Planning Director, Stantec
- Stephanie Hall, Principal Solicitor, Manchester City Council
Programme
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