Land Pooling Agreement

This is the best-known land pooling arrangement. Landowners agree to pool their land, with values normally agreed on a gross value per hectare. If part of the country is sold, the proceeds are distributed among all landowners. They pay capital gains tax (CGT) on their share of the profit generated. However, in the current state of the rules, the tax position of landowners does not follow the economic position. In our example, Ms A would have proceeds from the sale for capital gains tax (CGT) purposes totalling £۳۰ million, but would not benefit from a deduction for the two £۱۰ million payments she would have to pay to Ms B and Ms C. B and Ms C would also pay the CGT on their £۱۰ million capital inflows. The apparently unfair result here is that £۲۰m of the proceeds from the sale are taxed twice. Please contact Jonathan Ridley on 01228 530913 if you would like to discuss compensation agreements or land pooling trusts in more detail. Role and responsibility of the government: Vis-à-vis landowners under LPS: – Register LPOC without paying a registration fee. – single exemption from stamps and registration fees, assessment and development fees for non-agricultural land. – Exemption from the registration fee for the registration of agreements concluded with the competent authority for the pooling of land. Compared to others who reside in the area under LPS: – grant farmers a one-time waiver of agricultural loans of up to one lakh fifty thousand rupees per family.

– Village sites/residential areas are properly delineated according to the procedures of the finance department. – issue certificates of ownership in village bases to allow residents to regularize their sites. – provide housing for the homeless and those who lose homes during development. – to make available to all poor families a zero-interest loan of 25 Lakhs for self-employment. Compared to other promises: – provide free education and medical services to all residents from 8 December 2014. – Set up retirement homes. – Installation of NTR canteens. – increase the NREGA ceiling up to 365 days per year per family. – the creation of a skills development and training body with scholarships aimed at improving the skills of workers. – to employ tractors of local residents for construction activities. – the granting of ownership and transit permits by the forest service for the felling and sale of teak trees. – a building named M.S.S.

Koteswara Rao. – to allow the harvest of stagnant crops. Many land pool trusts seem to be working well and the government seems to have clung to the benefits of this approach. The 2018 White Paper on Housing promised that local authorities and other public institutions could place their own land in rural pools to encourage spread by other owners. The government ignored some excellent examples on the national territory and resorted to a case study conducted by Germany. The German example involved 80 different landowners. .

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