Homeowners near Crossrail 2 stations could be hit by new tax

Work Continues On The Crossrail Railway Project
Crossrail 2 could be funded by a new tax on those living near stations (Source: Getty)

People living near Crossrail 2 stations could be hit by a new tax, under proposals being considered by Transport for London (TfL).

The proposed £31bn project will start from Cheshunt in Hertfordshire and run through London and then out to stations in Surrey such as Epsom, Hampton Court, Chessington South and Shepperton.

Property magazine Estates Gazette reported that the tax would create three zones stretching a kilometre around each station.

Read more: Crossrail 2 progress stalls as independent review won't wrap up for months

Each zone would have a scaled charged, called a transport property charge, which would change depending on its distance from a station.

A spokesperson for TfL said: “In response to the government's call to make Crossrail 2 more affordable we have been continuing our work to reduce the cost of the scheme through savings in the design and delivery in order to ensure best value for money. We have been working closely with the DfT on the proposals and are assisting with the independent affordability review currently underway.

“As part of our overall infrastructure investment work, TfL published a land value capture report last February setting out the uplift in value benefits along the route and how people might help contribute towards the cost of a scheme. There is currently no process, powers or legislation in place to apply land value capture. Any new land value capture proposal would need to be carefully considered and new powers granted.”

Read more: Progress on Crossrail 2 with launch of affordability review

Transport secretary Chris Grayling said in July 2017 that London had to meet half the costs of the construction of the new line.

An independent funding review is due to report back by the autumn.

Full list of proposed Crossrail 2 stations

Cheshunt, Waltham Cross, Enfield Lock, Brimsdown, Ponders End, Angel Road, Northumberland Park, Tottenham Hale, Wood Green, New Southgate, Alexandra Palace, Turnpike Lane, Seven Sisters, Dalston, Angel, Euston St. Pancras, Tottenham Court Road, Victoria, King's Road Chelsea, Clapham Junction, Balham, Tooting Broadway, Wimbledon, Motspur Park, Worcester Park, Stoneleigh, Ewell West, Epsom, Malden Manor, Tolworth, Chessington North, Chessington South, Raynes Park, New Malden, Berrylands, Surbiton, Thames Ditton, Hampton Court, Norbiton, Kingston, Hampton Wick, Teddington, Fulwell, Hampton, Kempton Park, Sunbury, Upper Halliford and Shepperton.

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