§ Mr. CannTo ask the Secretary of State for the Environment, when a domestic property is rebanded for council tax purposes on sale and repurchase, what date the rebanding is backdated to and when this date will be reviewed.
§ Mr. Curry[holding answer 19 April 1994]: Under the Council Tax (Alteration of Lists and Appeals) Regulations 1993, an alteration to the valuation list made to correct an inaccuracy in the list on the day it was compiled—that is, 1 April 1993—however the inaccuracy may have come to light, has effect from that day. An alteration made to correct a subsequent inaccuracy has effect from the day on which the list became inaccurate. An alteration following a material increase in the value of a dwelling since the list was compiled, for example as a result of home improvement, has effect from the date the dwelling is next sold.
My right hon. Friend now proposes to amend these arrangements so that in future any increases in bandings to correct inaccuracies in the original list will come into effect only from the day the list is altered. Decreases would, however, continue to take effect from 1 April 1993. Further details will be announced shortly.