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Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q What is clear, though, is that the business net present value is scored at minus £1.7 billion, so presumably we can pretty much say that
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q So it is redistributive, primarily.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q That is helpful. What is your instinct? Most of this is about removing marriage value payments.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q Is it right to say that this Bill is a wealth transfer from rich freeholders to rich leaseholders?
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q So this is a London wealth transfer.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q At the moment, we do not know what will be in the regulations in relation to how the Minister should go about determining that.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q I am interested because so many other purchase decisions—indeed the mortgage you get—will be subject to market rates at that time.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q No: discount rates.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q That is helpful to know.
Examination of Witness | Leasehold and Freehold Reform Bill | Public Bill Committees Q So the geographic dimension—there are more leasehold properties in London—and the redistribution argument is stronger than the “all prope