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Orders of the Day — Land Compensation Bill

Part of the debate – in the House of Commons at 12:00 am on 27th November 1972.

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Photo of Mrs Elaine Kellett Mrs Elaine Kellett , Lancaster 12:00 am, 27th November 1972

Would my right hon. and learned Friend and the Chancellor of the Exchequer consider again the requirement that money acquired for land compulsorily acquired from the farmer must be reinvested within a year to avoid capital gains tax and consider extending the period to three years, and would he also improve substantially the compensation paid to tenant farmers who, when their farms are compulsorily acquired, can rarely afford, under the existing terms of compensation, to move to another farm, and who lose their homes and livelihood?