The Chancellor has kicked this in to the fairly long grass, declaring that further consultation is required and that a planning gain supplement regime will not become effective until 2009 at the earliest, if at all.

Notwithstanding this, the Planning Gain Supplement (Preparations) Bill was published on 14th December 2006. Its only operative section authorises the expenditure of money to prepare for the implementation of planning gain supplement, so we will keep you up to date with progress as it happens.