How much money should the state take from your development?

 

Complete this online survey to ensure that landowners are heard and represented. 

The CLA has substantially simplified its Land Value Capture survey to allow more members to respond easily. It is important that members complete the survey so that the CLA can use the information to make a compelling case against further measures.

“Land Value Capture” - the concept that the state should profit from the rise in land value when planning permission is granted - has gained traction. Important thinktanks and politicians from across the political spectrum have argued that the state should take a larger percentage of the profit made by landowners from land sold for development, to aid affordable housing provision.

Before you begin the survey, we recommend ensuring that you have to hand the financial information about your development. You will be asked for details on topics including your Section 106 agreement, the Community Infrastructure Levy, taxation, and yours and the developers’ profit. The survey is comprised of 20 questions and we estimate that the survey will take you around 20 minutes once you have the information to hand.

The state, at a local and national level, already takes much of the profit made from the rise in land value, through the Community Infrastructure Levy (CIL) and the use of Section 106 agreements for planning obligations. Those who believe that the state ought to take more from landowners have argued that these schemes only capture 25% of the profit (Centre for Progressive Capitalism), but others have suggested the figure is closer to 50% (Barratt Homes).

The CLA needs your data to make an effective case against increasing the amount taken by the state from landowners, and to overcome arguments that compulsory purchase may be a solution.

We would be very grateful if you could complete the following survey. We are looking for responses from those who agreed the terms of their development with the local authority after 1 December 2011, including from those whose developments have not yet been completed.

We understand that the information we are asking for is personal and commercially sensitive. All data will remain anonymous and separate from the personal information you provide us with unless you agree that we can contact you further.

If you do not have access to the information, please leave the question blank. If you are unsure at any point of the exact figure but know a rough estimate, please enter the estimate. Alternatively, pass on the entire survey to your agent to complete on your behalf.

If you wish to make any additional comments on any of the questions in the survey or to comment more generally about your experience of the development process, please use the comments box that is provided at the end of the survey.

If you have any questions whilst completing the survey, please contact Katie Ramsey on 020 7460 7954 or email katie.ramsey@cla.org.uk. Moreover, if you feel that our survey does not suit your development, but you would still like to provide your information, please contact Katie. Katie is a Policy Researcher in the Property and Business Team, based in the CLA’s London office, in Belgrave Square.