§ Mr. Frank Allaunasked the Secretary of State for the Environment approximately how much local authorities saved by being able to buy land net of development land tax in the last financial year; and how much it is estimated they will save in this way in the current financial year.
§ Mr. Robert SheldonI have been asked to reply.
The provisional net of tax benefit for 1976–77 is £5 million and the forecast for 1977–78 is £20 million, as shown in Table 7 of the Financial Statement.