There is an assertion that LVC is an effective way to extract land value for community and regeneration use. Whilst there are undoubted benefits, there are downsides also. Some Governments have shied away from its introduction, while others have introduced LVC measures – with varying levels of success.
But is that about to change? With mounting COVID debt affecting every country, might governments now see LVC as an attractive and compelling option?
History has taught us that previous attempts by the UK Government to introduce development taxes simply resulted in a hiatus of projects coming forward. The property industry is not one that keeps on giving!
This session will focus on mechanics and viability of LVC and its impact on the property market.