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Written question asked by Lord Truscott (Non-affiliated) on Thursday, 28 November 2024, in the House of Lords. It was due for an answer on Thursday, 12 December 2024. It was answered by Baroness Taylor of Stevenage (Labour) on Tuesday, 10 December 2024 on behalf of the Ministry of Housing, Communities and Local Government.


Leasehold: Reform

Question

To ask His Majesty's Government what plans they have to abolish marriage value in property valuations.

Answer

The Leasehold and Freehold Reform Act 2024 removes the requirement to pay marriage value in lease extensions and freehold acquisitions.

As set out in the Housing Minister’s Written Ministerial Statement on 21 November, the Government will act as quickly as possible to provide homeowners with greater rights, powers, and protections over their homes by implementing the provisions of that Act.


Secondary information

Type
Written question
Reference
HL3047
Session
2024-26
Related items
Leasehold and Commonhold Reform
Thursday, 21 November 2024
Written statements
House of Lords
Leasehold: Reform
Wednesday, 26 February 2025
Written questions
House of Lords
Subjects
Leasehold Reform
Link
View this Written question on www.parliament.uk