The rise of price is attributable to a number of factors and betterment gains is closely related with land price. Betterment gains stands for the value multiplication portion that was acquired by increase of public investments, socio-economic factors, planning decisions or changes except private endeavor of investment. Therefore this gains should be recaptured as an unearned income.
The scope of windfall gains recapture is changeable according to social situation. At present, the scope of recapture is gradually being enlarged. It is based on the government's policy that and unearned income should be back.
Howeverl, the betterment gains of windfall recapture system was not perfectly established so that it produced unexpected results. Neither an unearned income nor an legitimate income has not been properly recaptured.
Since IMF crisis, the land development charge system has been the only regulation according to the abrogation of land excess benefit tax system. The recapture target of this system is restricted to the land within development execution area. Under this system, it is inevitably true that the private ownership of unearned income is being permitted. Because there is no way to recapture the betterment gains of publics' outskirt area.
The purpose of this study is to organize a new system tool for retriving unearning incomes to overcome the discrepancy of development windfall recapture system. The detailed contents and research methods could be described as the followings.
First, the consideration of basic theories by analyzing systematically the concept, type and character of development benefit.
Second, the review of Windfall gains recapture condition by analyzing both land price multiplication factors and foreign case studies.
Third, the estimation of law system by analyzing the laws describing Windfall gains recapture system.
Fourth, the suggestion of policy by groping the reorganization method with resolving the problems of Windfall recapture system.
As as result of the above, the reorganization methods would be summarized with the followings
First, recapture of betterment gains should develop a system to retrive the exterme betterment gains that results from public construction among extreme micro, micro and macro betterment gains.
Third, the windfall recapture system should be organized as a dual system that retrives capital gains tax in the disposal level and imposes development expense in the retaining level.
Fourth, the development loss should be compensate in response to the windfall gains recapture.
- 개발이익환수제도의 재구성방안(A study on the reorganization method of windfall gains recapture system)
- 류해웅; 성소미
개발이익환수제도의 재구성방안(A study on the reorganization method of windfall gains recapture system)
경기 : 국토연구원
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Territorial Development < National Land Development|