Proceeding contribution from Lord Redwood (Conservative) in the House of Commons on Tuesday, 20 February 2007. It occurred during Debate on bill on Planning-gain Supplement (Preparations) Bill.

Planning-gain Supplement (Preparations) Bill

If I can finish my point, I will of course give the hon. Lady a chance to rescue her rather bad argument. A section 75 agreement in Scotland is the natural way to achieve such development. Let us say that the tax is set at 30 per cent., which is the figure that I have heard bandied about. If 70 per cent. of that went back to the local authority—that would be 21 per cent.—the deal might be much less good than one that was achieved after negotiating a section 75 agreement, under which every pound would go into a piece of infrastructure that would clearly facilitate the development.

Secondary information

Type: Proceeding contribution
Reference: 457 c171
Session: 2006-07
Chamber / Committee: House of Commons chamber
Subjects: Devolved matters Capital gains tax Housing Land ICT Infrastructure Government departments Local government Northern Ireland Planning permission Planning Public expenditure Property development Scotland Valuation Taxation Tax rates and bands Revenue and Customs Department for Communities and Local Government Planning gain supplement
Legislation: Planning-gain Supplement (Preparations) Bill 2006-07
Link: View this Proceeding contribution on www.publications.parliament.uk

Planning-gain Supplement (Preparations) Bill

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