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 entirely to private landowners, while the public faces higher housing costs.”
A report accompanying her amendment to the 2026 Budget points to a field in St John that rose in value from around £70,000 to £3.55 million after rezoning.
Deputy Kovacs said the £100,000 would fund work to “enable the necessary technical work to be completed.”
“This is a small upfront cost with a large and sustainable long-term return for the Island,” she said.
The proposal will be debated in December as part of the Budget debate.
