Planning-gain Supplement (Preparations) Act 2007

The Planning-gain Supplement (Preparations) Act 2007 (c 2) is an Act of the Parliament of the United Kingdom.

Planning-gain Supplement (Preparations) Act 2007[1]
Long titleAn 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.
Citation2007 c 2
Territorial extentUnited Kingdom[2]
Dates
Royal assent20 March 2007
Commencement20 March 2007[3]
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Treasury may by order repeal this Act.[4]

Section 1 - Preparatory expenditure

This section provides:

(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.

"Secretary of State"

This means one of Her Majesty's Principal Secretaries of State.[5]

References
  1. The citation of this Act by this short title is authorised by section 3 of this Act.
  2. The Planning-gain Supplement (Preparations) Act 2007, section 2
  3. The Interpretation Act 1978, section 4(b)
  4. The Planning Act 2008, section 225(2)
  5. The Interpretation Act 1978, section 5 and Schedule 1


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