95% of the time the only difference will be developers pay less for the land to start with and then pay this saving to government at time of development. A sma

95% of the time the only difference will be developers pay less for the land to start with and then pay this saving to government at time of development. A small amount of cases the owners wont want to sell for those lower prices. So yes its a disincentive but only a minor one. Yes existing homeowners get benefit without paying for it but the usual argument is we cant tax them as they didnt ask for it and some will not be able to pay. Forcing pensioners out of lifelong homes is not seen well In broader terms we are always looking for some way to deliver owners rights as well as socialised community outcomes. No system can deliver all but this is as clear a compromise as can be made in the view of most I've seen who have looked into it in detail