A Study on the Betterment Recapture System in UK (영국의 개발이익 환수제도에 관한 연구)

Seungjong Kim (김승종); 정희남

A Study on the Betterment Recapture System in UK

Korea Real Estate Review
2005, 15(1), pp.117-137
Publisher : korea real estate research institute
Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

¹국토연구원

ABSTRACT

Recouping betterment from land is important for the community to prevent real estate speculation and also to pursue social justice by redistributing equity and wealth which are created by the community as a whole. England has adopted a series of betterment recapture system to recoup “betterment” from development activities since World War Ⅱ, including Development Charges in 1945, Betterment Levy in 1967, and Development Land Tax in 1976. Three strands may be discerned in the history of the betterment recapture system in UK : land tax gathering for public revenue purposes, development value recapture for the benefit of the community, and the recoupment of infrastructure costs. Of these three strands, capital gains tax and planning obligations for infrastructure are currently in place. The development planning and control provisions of UK’s Planning and Compulsory Purchase Act(2004) may provide some implications to the development industry, planning authorities and the community. These changes will provide options for developers to choose either a fixed tariff or the existing method of negotiating planning obligations. This paper studies the experience and changes of the betterment recapture system of UK, and their current situation on planning legislation for the recoupment. It suggests policy directions for the improvement of Korean betterment recapture systems.

KEYWORDS

betterment recapture, planning gains, development charges

Citation status

* References for papers published after 2023 are currently being built.

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