HC Deb 13 March 1967 vol 743 cc47-8
54. Sir H. Lucas-Tooth

asked the Chancellor of the Exchequer whether he is aware that the introduction of the Leasehold Reform Bill has caused a heavy depreciation in the value of property held subject to long leases, and that in cases where the owners of such property had died before the introduction of the Bill but whose executors have not yet been able to realise such property, an estate may be seriously prejudiced; and whether he will take steps to grant special relief in such special cases.

Mr. MacDermot

I have noted the hon. Member's suggestion.

Sir H. Lucas-Tooth

Is the Minister aware that it is grossly unfair to levy taxes on the basis of a valuation which the Government themselves have seriously depreciated? Cannot he give an undertaking that this matter will be dealt with?

Mr. MacDermot

I can give an undertaking that the matter will be looked at, but the hon. Gentleman will appreciate that I cannot go further than that. There are arguments both ways on this.

Forward to