Property: Valuation
(asked on 28th November 2024) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what plans they have to abolish marriage value in property valuations.
This question was answered on 10th December 2024
The Leasehold and Freehold Reform Act 2024 removes the requirement to pay marriage value in lease extensions and freehold acquisitions.
As set out in the Housing Minister’s Written Ministerial Statement on 21 November, the Government will act as quickly as possible to provide homeowners with greater rights, powers, and protections over their homes by implementing the provisions of that Act.