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The ARCH annual report for 2015-16 is now available to view.

 

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Higher value asset levy latest 16/03/2017

In a recent Parliamentary debate, Government Minister, Lord Bourne, indicated that the government would shortly be announcing a pilot in relation to the higher value asset (HVA) levy. However following clarification with DCLG officials, ARCH can confirm that the Minister was in fact simply referring to the extended Right to Buy pilot announced in the Autumn Statement.

 

In response to a question on council housing in the House of Lords from Lord Kennedy of Southwark, DCLG Minister Lord Bourne, said:"…in relation to the higher value assets, the noble Lord will be aware that we will shortly be announcing a pilot in relation to that…"(Hansard 13 March column 1631/1632)

 

Following further enquiries by ARCH, a senior official at DCLG said that the position regarding HVA sales and the HVA levy remained unchanged and that the Minister's reference to "a pilot" referred to the extended Right to Buy pilot for housing association tenants announced in the Autumn Statement. DCLG also confirmed that Ministers had made no decisions as yet on the definition of "higher value" or the payments to be made by local authorities under Section 69 of the Housing and Planning Act and re-affirmed the decision that councils would not be expected to pay the HVA Levy in the coming financial year 2017/2018.

 

It is worth remembering that under Section 71 of the Housing and Planning Act, the Secretary of State is required to consult with local authorities before making a Determination of the amount to be paid under Section 69 of the Act and "higher value" housing must be defined in Regulations debated and approved by both Houses of Parliament (i.e. by Affirmative Resolution).

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