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Planning-gain
Supplement (Preparations) Bill |
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Explanatory notes to the Bill,
prepared by Her Majesty’s Treasury, are published |
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separately as Bill 37—EN. |
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EUROPEAN CONVENTION ON HUMAN
RIGHTS |
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Mr Chancellor of the Exchequer
has made the following statement under section |
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19(1)(a) of the Human Rights
Act 1998: |
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In my view the provisions of
the Planning-gain Supplement (Preparations) Bill are |
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compatible with the Convention
rights. |
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[Note:
The Bill was presented under S.O. No. 50] |
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Permit
expenditure in preparation for the imposition of a tax on the
increase in |
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the value of land resulting
from the grant of permission for development. |
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Be
it enacted by the Queen’s most Excellent Majesty,
by and with the advice and |
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consent of the Lords Spiritual
and Temporal, and Commons, in this present |
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Parliament assembled,
and by the authority of the same, as follows:— |
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1 |
Preparatory
expenditure |
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(1) |
The
persons listed in subsection (2) may incur expenditure for the
purpose of or in |
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connection
with preparing for the imposition of a tax on the increase in
the value of land |
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resulting
from the grant of permission for development. |
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5 |
(a) |
the
Commissioners for Her Majesty’s Revenue and Customs, |
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(b) |
the
Secretary of State, and |
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(c) |
a
Northern Ireland Department. |
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(3) |
Expenditure
by virtue of subsection (2)(a) or (b) shall be paid out of money
provided by |
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10 |
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This Act extends to the
United Kingdom. |
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This Act may be cited
as the Planning-gain Supplement (Preparations) Act |
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15 |
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