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Development Land Tax (Amendment)

Volume 981: debated on Tuesday 18 March 1980

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Mr. John Heddle accordingly presented a Bill to amend the Development Land Tax Act 1976 by repealing section 2 relating to the charge on deemed disposal; to make further amendments to enable advance assessments to be reached on the calculation of gains, and to introduce a system of relief for development losses against development gains; and to make provisions for matters consequential upon the foregoing; And the same was read the First time; and ordered to be read a Second time upon Friday 4 July and to be printed. [Bill 170.]