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Community Land

Volume 934: debated on Tuesday 28 June 1977

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asked the Secretary of State for the Environment approximately how much local authorities saved by being able to buy land net of development land tax in the last financial year; and how much it is estimated they will save in this way in the current financial year.

I have been asked to reply.The provisional net of tax benefit for 1976–77 is £5 million and the forecast for 1977–78 is £20 million, as shown in Table 7 of the Financial Statement.