(1) The persons listed in subsection (2) may incur expenditure for the purpose of or in connection with preparing for the imposition of a tax on the increase in the value of land resulting from the grant of permission for development.
(2) Those persons are—
(a) the Commissioners for Her Majesty's Revenue and Customs,
(b) the Secretary of State, and
(c) a Northern Ireland Department.
(3) Expenditure by virtue of subsection (2)(a) or (b) shall be paid out of money provided by Parliament.
2007 c. 2
Planning-gain Supplement (Preparations) Act 2007 (2007 c. 2)
An Act to permit expenditure in preparation for the imposition of a tax on the increase in the value of land resulting from the grant of permission for development.
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This Act extends to the United Kingdom.
This Act may be cited as the Planning-gain Supplement (Preparations) Act 2007.
Cite this legislation
- Official citation
- 2007 c. 2
- Source
- legislation.gov.uk
- Data synced
- Licence
- OGL-3 ↗
Planning-gain Supplement (Preparations) Act 2007 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/ukpga-2007-2
This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.
Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).