HC Deb 19 July 1995 vol 263 c1406W
5. Mr. Coe

To ask the Secretary of State for the Environment if he will make a statement on his plans to boost the private rented sector. [33375]

Mr. Gummer

The recent White Paper announced measures which will build on the progress we have achieved since 1988.

We are legislating to make it easier for landlords to let their property. This will increase the supply of good quality accommodation available to rent. We will introduce housing investment trusts to encourage institutional investment in privately rented housing. Trusts will benefit from exemption on capital gains, and a reduced rate of corporation tax.