Clause 211 - Rate in respect of residential property where consideration over £2m

Part of Finance Bill – in a Public Bill Committee at 12:15 pm on 26 June 2012.

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Photo of John Mann John Mann Labour, Bassetlaw 12:15, 26 June 2012

The hon. Gentleman quoted a figure of, I think, £40,000. Is he aware that the Government have brought in the community infrastructure levy, which has just begun to take effect in the first few councils? That raises amounts of £20,000 and £30,000 per new property, in the hon. Gentleman’s constituency and everywhere else, and it includes conversions or expansions of existing properties.