§ Mr. Wellbeloved
asked the Minister of Housing and Local Government whether he will make a further extra-statutory concession to alleviate hardship caused by betterment levy to people of modest means who bought land between 22nd September, 1965, and 6th April, 1967, for purposes other than the building of single houses.
§ Mr. Greenwood
On the advice of the Land Commission, the Government have decided that where levy is assessed on a chargeable act or event affecting land32W bought during this period for any purpose other than building a single house, the purchase price may be taken into account as base value up to a maximum of £2,500. Where the purchase price is higher a base value of £2,500 will be allowed.
The Land Commission will review assessments already made to take account of this concession, which is at present extra-statutory but will be covered by legislation as soon as practicable. The concession already announced on 10th April last will continue to apply unchanged to plots bought for single houses.