Asked by: Cheryl Gillan (Conservative - Chesham and Amersham)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his speech to the Royal Economic Society on 14 January 2015, what steps his Department will take to engage with (a) the Country Landowners Association and (b) other rural organisations on the reforms to compulsory purchase proposed in that speech.
Answered by Danny Alexander
I thank the Honourable Member for Chesham and Amersham for tabling this question.
In his speech to the Royal Economic Society last month, the Chancellor set out the Government’s commitment to reforming the Compulsory Purchase Regime and making it clearer, faster and fairer for both affected landowners and developers alike.
At Budget, the department for Communities and Local Government and HM Treasury will jointly consult as a way to make compensation, interest payments and the Compulsory Purchase process fairer, more flexible and to encourage development. As part of this consultation we will work with rural organisations such as the Country Landowners Association.
Asked by: Cheryl Gillan (Conservative - Chesham and Amersham)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many applications for an extension under (a) section 152 and (b) section 247 of the Taxation of Chargeable Gains Act 1992 to reinvest gains following a disposal by way of compulsory purchase have been accepted in tax years (i) 2013-14, (ii) 2012-13, (iii) 2011-12, (iv) 2010-11 and (v) 2009-10.
Answered by David Gauke
This information is not held by HM Revenue and Customs.
Asked by: Cheryl Gillan (Conservative - Chesham and Amersham)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many applications for an extension under (a) section 152 and (b) section 247 of the Taxation of Chargeable Gains Act 1992 to reinvest gains following a disposal by way of compulsory purchase were referred to the Board of HM Revenue and Customs in tax years (i) 2013-14, (ii) 2012-13, (iii) 2011-12, (iv) 2010-11 and (v) 2009-10.
Answered by David Gauke
This information is not held by HM Revenue and Customs.
Asked by: Cheryl Gillan (Conservative - Chesham and Amersham)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many applications for an extension under (a) section 152 and (b) section 247 of the Taxation of Chargeable Gains Act 1992 to reinvest gains following a disposal by way of compulsory purchase that were referred to the Board of HM Revenue and Customs were accepted in tax years (i) 2013-14, (ii) 2012-13, (iii) 2011-12, (iv) 2010-11 and (v) 2009-10.
Answered by David Gauke
This information is not held by HM Revenue and Customs.
Asked by: Cheryl Gillan (Conservative - Chesham and Amersham)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many applications for an extension under (a) section 152 and (b) section 247 of the Taxation of Chargeable Gains Act 1992 to reinvest gains following a disposal by way of compulsory purchase have been made in the (i) 2013-14, (ii) 2012-13, (iii) 2011-12, (iv) 2010-11 and (v) 2009-10 tax years.
Answered by David Gauke
This information is not held by HM Revenue and Customs.
Asked by: Cheryl Gillan (Conservative - Chesham and Amersham)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will bring forward proposals to offer a stamp duty holiday to people who will be required to sell their property and purchase another as a result of High Speed 2.
Answered by David Gauke
The Government announced in April an extensive compensation and assistance package for property owners close to the route of HS2.
There is no separate treatment of SDLT for individuals purchasing a property after their property has been compulsorily purchased by a public body.
However, owner occupiers within the ‘surface safeguarded area' and those who are eligible for the Express Purchase scheme will be entitled to reasonable moving costs, including surveyors' fees, legal fees and stamp duty land tax on a replacement property of similar value.