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Development Land Tax

Volume 978: debated on Thursday 7 February 1980

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asked the Chancellor of the Exchequer (1) what was the amount of development land tax assessed as payable in 1979; and what was the amount assessed to be liable following deemed disposal;

(2) how much of the development land tax revenue collected in 1979 following deemed disposal involved residential development;

(3) what was the average time taken by the Development Land Tax Office to deal with applications for certificates of satisfaction under section 18 of the Development Land Tax Act;

(4) what is the number of forms prescribed under the schedules within the Development Land Tax Act for use by the development land tax office;

(5) what are the procedures for resolving a difference of opinion between a district valuer and a builder about market value following a deemed disposal under the Development Land Tax Act; and if he will publish the set of instructions given to district valuers by the Development Land Tax Office for dealing with such cases;

(6) what procedures are available to the Development Land Tax Office to amend a valuation made by a district valuer following a deemed disposal under the Development Land Tax Act in the event of a district valuer having failed to take into account all the factors that have determined the price of an open market transaction when arriving at the market value on a deemed disposal;

(7) when he will be in a position to announce the amendments to the Development Land Tax Act which he intends to introduce following his review of the Act; and if he will issue a consultation paper soon;

(8) when he will be in a position to announce amendments to the Development Land Tax Act that will make a clear distinction for taxation purposes between windfall gains and gains made in the normal course of development by house builders and others holding land as stock-in-trade;

(9) what amendments to the Development Land Tax will be required as a consequence of the repeal of the Community Land Act 1975 as and when the Local Government, Planning and Land (No. 2) Bill is enacted;

(10) what effect the calculation of gains on a deemed disposal under the Development Land Tax Act has on the expansion of domestic credit.

I will let my hon. Friend have a reply to his questions as soon as possible.