On 01/09/2012 10:41, News wrote:

"Martin Edwards" wrote in message
...
On 31/08/2012 22:05, News wrote:

"Bruce" wrote in message
...

It's a lot easier to build on a green field site and usually
considerably cheaper. Add the lower construction costs to the much
lower cost of buying agricultural land on the outskirts of towns and
cities compared with land values in and near town centres and there is
a clear incentive to develop green field sites which the housebuilders
already own compared with brown field sites which they don't.

Experience shows that by far the best way to facilitate development of
brown field sites is for the public sector to pay for site clearance
and remediation

The best way is to slap land valuation taxation on all land. The
landowners soon get it profitable. And no public expense to do so.

But will the tax on my garden be higher than my present council tax?

Land Valuation Taxation (LVT) is on the VALUE of the land, all the land
not just the garden. It does not tax the capital, the building. In its
purest form there will be no Income, Sales, Inheritance tax or tax in
interest. Calculations have been done that show a man on £40K per ann as
an owner/occupier will be approx, £6.5 to £7K per ann overall. As time
goes on the revenue HMG needs will be less as more enterprise is
encouraged and economic parasites eliminated. So, the £7K saved will
increase. The Welfare state will diminish as people gain control of
their lives pushing HMG into the background. Speculation on land is
near eliminated - so no land fueled boom and busts - as the 1929 & 2008
world-wide crashes were.

http://www.landvaluetax.org/what-is-lvt/

LVT

I live on a pension of about £10k. I am not complaining, but I would
like an answer to my question.

--
Myth, after all, is what we believe naturally. History is what we must
painfully learn and struggle to remember. -Albert Goldman