Valuations (Land Levy)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th July 1967.

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Photo of Mr John Boyd-Carpenter Mr John Boyd-Carpenter , Kingston upon Thames 12:00 am, 18th July 1967

asked the Chancellor of the Exchequer what directions were given to district valuers of the Inland Revenue as to the effect on valuations prior to 5th April, 1967, of the coming into operation on that date of the land levy under the Land Commission Act.

Photo of Mr John Boyd-Carpenter Mr John Boyd-Carpenter , Kingston upon Thames

Does the Answer mean that the Minister envisages that valuers were not directed to anticipate the coming into effect of the tax?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

No direction was given either way. Valuers were, of course, fully informed about the levy and, in so far as any anticipation would affect the market value at the time, they would take it into account.