§ Mr. Gouldasked the Chancellor of the Exchequer what estimate he makes of the released development value of land in each of the last five years; what proportion of that value is or has been chargeable to tax; and what evidence there is of the effect of development land tax in promoting or inhibiting land release and development.
§ Mr. Moore[pursuant to his reply, 14 June 1984, c. 561–2]: I regret that the information about released development value, or the proportion of that value subject to tax, is not available.
No evidence has been submitted of development land tax having an effect on the release of land and development.