Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, with reference to section 136, as amended by the Local Authorities (Capital Finance (Consequential, Transitional and Saving Provisions) Order 2004, what records his Department keeps on the levy paid by local authorities when the capital receipt received from the sale of its stock is greater than the housing debt attributable to those dwelling houses.

The Department keeps a data record of all Large Scale Voluntary Transfers since 1988 to date, including information on the levy in relation to section 136, as amended by the Local Authorities (Capital Finance (Consequential, Transitional and Saving Provisions) Order 2004.

Since 1994 local authorities that completed a Large Scale Voluntary Transfer (LSVT), where the capital receipt received from the sale of their stock was greater than the housing debt attributable to those dwelling houses, paid a total of £496.86 million as LSVT levy.