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Deputy calls for study into new levy on land profits
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Deputy calls for study into new levy on land profits
A POLITICIAN is calling for £100,000 to be set aside next year to explore a new levy on profits made by landowners when the value of their land jumps after it’s rezoned or given planning permission. Deputy Raluca Kovacs said the move would make the system fairer by allowing the public to share in the gains created by government decisions. “Every time land is rezoned, its value can increase by millions,” she said. “Without a levy, those gains go …
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