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Undeveloped Land (Annual Tax)

Volume 831: debated on Friday 25 February 1972

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asked the Chancellor of the Exchequer if he will seek to introduce an annual tax on undeveloped land for which planning permission has already been granted, in order to discourage speculative hoarding.

GROSS OFFICIAL
GNP PER CAPITABILATERAL ECONOMIC AIDMULTILATERAL FLOWS
millions US dollarsmillions US dollars
GNP per capita US$IBRD1FCIDAUN
196919701968196819681969
Africa—North of Sahara
Algeria2600·074CR 6·777·39
Libya1,5100·012CR 4·001·05
Morocco1900·0379·21CR 0·601·103·71
Tunisia2300·1745·03CR 0·303·634·94
ARE (Egypt)1600·808CR 4·009·33
Total1·107CR 0·53CR 0·904·7326·42
Africa—South of Sahara
Angola210
Botswanaless than 1006·707CR 0·011·13
Burundiless than 1000·002CR 0·260·401·73
Cameroon1500·8200·032·231·52
Cape Verde Is.120
Central African Rep.1300·0591·29
Ceuta and Melilla320
Chadless than 1000·0820·69
Comoro Is.130*0·06
Congo (Brazzaville)2200·00715·001·28
Dahomeyless than 1000·0471·22
Ethiopialess than 1001·1060·923·504·153·06
Gabon3200·033CR 3·191·65
Gambia1100·9590·21

The Government's policy for securing the release of land for housing was stated in an answer by my hon. Friend the Minister for Local Government and Development on 8th December, 1971. I am not convinced that the results of a tax of the sort suggested in the Question would justify the considerable valuation and administrative problems it would involve.—[Vol. 827, c. 1287–8.]