For those with a long memory from the mid 1970s to the mid 1980s a Development Land Tax was levied on landowners who disposed of development land. At its height, a 80% rate of tax was charged on gains.
This article in the FT suggests we may be about to see the return of something similar:
How Labour will try to unlock Britain’s planning system (ft.com)
The idea behind such an approach is that landowners would still receive a high enough price to incentivise sales without resorting to time-consuming and legally complex compulsory purchase orders.
![Newly built homes in a residential estate in England.](https://images.passle.net/fit-in/860x860/Passle/5d9604688cb6230bac62c2d0/SearchServiceImages/2024-07-09-10-40-43-558-668d13ab0d1a6cada684ef1b.jpg)