Clause 10 - Non-money receipts
Local Government Bill
Public Bill Committees, 28 January 2003, 3:30 pm
Mr Philip Hammond (Runnymede & Weybridge, Conservative)
The Minister nods his heads, so that is not what will happen in practice. That is the essence of the concern. It seems sensible to have the reserve power against avoidance by creating non-money receipts to avoid paying the levy. I am an out and out opponent of the levy, but I am also a proponent of the theory that if we are to have law, it must not have any loopholes. Somehow we need to get sales at undervalue of housing land to registered social landlords out of this trap.