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Land Value Tax

Volume 450: debated on Wednesday 11 October 2006

To ask the Chancellor of the Exchequer what assessment (a) his Department, (b) HM Revenue and Customs and (c) the Valuation Office Agency has made of the likely effects of introducing a land value tax. (89405)

The Government keep all taxes under review. In addition, Sir Michael Lyons is considering reforms to council tax and business rates, and is including the merits of a land value tax amongst the options for future taxation of land and property. Sir Michael is due to report in time to inform the comprehensive spending review.