§ 8. Mr. Boyd-Carpenterasked the Minister of Land and Natural Resources whether, in calculating the yield of the levy foreshadowed in Command Paper No. 2771 at £80 million a year, he took into account reductions in the yield of other taxation; and whether he will give his estimate of such reductions, with separate figures in respect of each particular tax or duty.
§ Mr. WilleyI have nothing to add to the reply I gave to the hon. Member for Finchley (Mrs. Thatcher) on 29th November.
§ Mr. Boyd-CarpenterSurely the Minister knew when he gave that Answer whether the figure he gave was intended to be gross or net. If he knows that, perhaps he can tell us now.
§ Mr. WilleyAs I have frequently explained, the figure is a gross figure.
§ 9. Mr. Boyd-Carpenterasked the Minister of Land and Natural Resources what reduction he calculates would result in the yield of the levy forecast in Command Paper No. 2771 if the sale of owner-occupied houses were exempted from the imposition of the levy.
§ Mr. WilleyIt is impossible to say because of the wide variety of circumstances in which an owner-occupier may realise development value. Paragraph 31 of the White Paper, in fact, makes appropriate provision for exemption. The sale of owner-occupied houses, of course, normally will be exempted from levy, which only arises where there is a prospect of development or redevelopment.
§ Mr. Boyd-CarpenterIs the right hon. Gentleman aware that paragraph 31 of the White Paper deals with a different situation, that of someone who seeks to build a house to be owner-occupied on land which he owns? If the right hon. Gentleman looks at the Order Paper, he will see that my Question relates to the sale of an owner-occupied house. Is he aware that his right hon. Friend the Chancellor of the Exchequer made an exception in favour of owner-occupiers in respect of Capital Gains Tax? Cannot the Minister be at least as liberal as his right hon. Friend?
§ Mr. WilleyThe right hon. Gentleman will, I think, appreciate that there is a difference between capital gains and development levy. As to the value of a house, it is immaterial for the purposes of development value how great is the appreciation in the value of the house. We are concerned here with development value on development or redevelopment.
§ Mr. Boyd-CarpenterIs not the Minister aware that one of the great incentives to a young couple to undertake heavy obligations to obtain a house is that they are getting a capital value which is of importance to them? Surely he can consider, when redevelopment takes place, making the same exception to encourage owner-occupation as his right hon. Friend the Chancellor has been sensible enough to make?
§ Mr. WilleyI can only point out again that there is a difference between the owner of a house being exempt from taxation on the value of his house. We have to consider, among other things, the possibility of his having to acquire another house. Development value is a matter which we can pursue when we discuss the Bill in Standing Committee. I find it difficult to envisage cases in which one could make an exception concerning development value.
§ 14. Mr. Corfieldasked the Minister of Land and Natural Resources if he will take steps to ensure that where, at the date of publication of Command Paper No. 2771, land is subject to a compulsory purchase order which has not been confirmed, but to which the owner has agreed not to make objection, no levy will be payable as a result of the ultimate compulsory acquisition of the land.
§ Mr. SkeffingtonI must ask the hon. Member to await the publication of the Bill.
§ Mr. CorfieldWill the hon. Gentleman bear in mind that even where a landowner is perfectly willing to negotiate, a compulsory purchase order offers considerable advantages to a local authority and that it is surely wholly unjust that he should be penalised by delay caused by his co-operation with the local authority.
§ Mr. SkeffingtonI have considerable sympathy with the case that the hon. Member has in mind. I hope that when 1661 he sees the Bill, we may be able to arrive at some conclusion.
§ Mr. Boyd-CarpenterIs the Parliamentary Secretary aware, incidentally, that this and many other points are preventing land from being brought forward for development and preventing progress in the building programme? Can he not answer questions of this sort at least in order to secure that the supply of land is maintained?
§ Mr. SkeffingtonI am not at all aware of the point made by the right hon. Gentleman.
§ 15. Mr. Corfieldasked the Minister of Land and Natural Resources if he will make special provision whereby the erection of agricultural buildings or dwelling-houses for farmers or farm workers shall not make the owner of the land liable to payment of the proposed levy envisaged in the White Paper, Command Paper No. 2771.
§ Mr. SkeffingtonParagraph 27 of the White Paper states that levy will be paid only on value attributable to the prospect of material development and the footnote on page 6 explains that material development will be defined by regulations. It will be possible, therefore, to deal with any special problems that arise in regard to agriculture by regulations.
§ Mr. CorfieldMay we take it from that reply that the hon. Gentleman intends to provide for this special problem bearing in mind the folly of taxing capital investment in farmland, which is obviously in the interest of the nation?