Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

‘Tax land value rises to fund London transport projects’

FUNDING

17 February 2017
 

Taxing land value uplifts  arising from transport and regeneration schemes would provide a new funding stream for transport infrastructure investment in the capital, the London Finance Commission has said. 

“The Government should work together with the boroughs, the Greater London Authority (GLA), and Transport for London to develop a consultation paper on the objectives, principles and design options of a land value capture charge,” it says. “Early analysis suggests...

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