§ Mr. Sainsburyasked the Chancellor of the Exchequer what would be the cost of obtaining the information to enable him to estimate the amount by which the revenue from development land tax would be reduced in a full year if developments for retail use were afforded the same reliefs as those available for industrial development;
(2) what would be the cost of obtaining the information to enable him to estimate the amount by which the revenue from development land tax would be reduced in a full year if developments for hotel and catering use were afforded the same reliefs as those available for industrial development.
§ Mr. Denzil Davies,pursuant to his reply [Official Report, 18th July 1978], gave the following answer:
Information so far available relates to assessments made up to 31st March 1978 on projects of material development commenced in 1976–77 and does not differentiate between various types of project. Even if a more detailed analysis were made the number of assessments for the first year of the tax is too small to provide a reliable estimate of the cost of the relief to which the hon. Member refers.