Skip to main content

Provides an initial appraisal of the practical viability of a local land value tax, and identifies further work that would be required in order to deliver such a policy.

An important finding for future consideration is the investment necessary to meet the detailed information requirements on which such a tax could be based.

Main findings 

Modelling work estimates that the total value of residential land in Wales is £113.4 billion, and the total value of land underlying properties which currently pay non-domestic rates is £27.6 billion.

A local land value tax (LVT) in Wales could raise sufficient revenues to replace the current local taxes. A uniform national LVT rate of 1.41% on residential land would be sufficient to raise the same revenues as are currently raised by council tax. A uniform national LVT rate of 3.9% charged on the properties that currently pay non-domestic would be sufficient to replace that tax.

The data requirements for implementing a local LVT in Wales are not currently met.

Reports

Local land value tax: technical assessment
, file type: PDF, file size: 5 MB

PDF
5 MB
If you need a more accessible version of this document please email digital@gov.wales. Please tell us the format you need. If you use assistive technology please tell us what this is.

Local land value tax: technical assessment (summary)
, file type: PDF, file size: 1 MB

PDF
1 MB
If you need a more accessible version of this document please email digital@gov.wales. Please tell us the format you need. If you use assistive technology please tell us what this is.

Contact

John Broomfield

Telephone: 0300 025 0811

Media

Telephone: 0300 025 8099

Share this page