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Capital Gains Tax, Second Homes And The 2008 Budget

EDM number 1109 in 2007-08, proposed by Adam Price on 04/03/2008.
Categorised under the topics of Countryside, Housing, Housing supply and Taxation.

That this House notes with concern that the 2007 Budget announced plans to reduce capital gains tax on the sale of second homes to 18 per cent.; further notes that the new tax rate is due to come into force in April; welcomes the decision by the Prime Minister to establish an inquiry into the rural housing crisis; notes with interest the comments of the author of the review, the hon. Member for Truro and St Austell, that local planning authorities should have the power to prevent the purchase of second homes in areas of high housing pressure; further welcomes the comments of the Government's rural affairs adviser that the proposed reduction in capital gains tax on second homes will worsen rural poverty and make property unaffordable; and calls for the Government to scrap its reduction in capital gains tax on second homes in the 2008 budget.

This motion has been signed by a total of 14 MPs.

MPDateConstituencyPartyType
Adam Price04/03/2008Carmarthen East and DinefwrPlaid CymruProposed
Elfyn Llwyd04/03/2008Meirionnydd Nant ConwyPlaid CymruSeconded
Hywel Williams04/03/2008CaernarfonPlaid CymruSeconded
Michael Weir04/03/2008AngusScottish National PartySeconded
Pete Wishart04/03/2008Perth and North PerthshireScottish National PartySeconded
John McDonnell05/03/2008Hayes and HarlingtonLabourSeconded
Lynne Jones05/03/2008Birmingham, Selly OakLabourSigned
Jeremy Corbyn05/03/2008Islington NorthLabourSigned
David Drew06/03/2008StroudLabourSigned
Andrew George06/03/2008St IvesLiberal DemocratSigned
Angus MacNeil06/03/2008Na h-Eileanan an IarScottish National PartySigned
Ann Cryer10/03/2008KeighleyLabourSigned
Mike Hancock10/03/2008Portsmouth SouthLiberal DemocratSigned
David Anderson13/03/2008BlaydonLabourSigned

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