HS2 in Hansard 11/07/2013

High Speed 2 Railway Line

Frank Dobson: To ask the Secretary of State for
Transport what the original estimate was of the cost of
the High Speed 2/High Speed 1 link single bore tunnel
from Old Oak Common to Primrose Hill; and what the
most recent estimate is. [164749]
Mr Simon Burns: HS2 Ltd advises that the original
January 2012 estimate for the cost of the single bore
tunnel was £330 million. Their current estimate for the
tunnel is £290 million. The revised estimate reflects a
more detailed understanding of the design and cost of
the tunnelling.
393W Written Answers 11 JULY 2013 Written Answers 394W
Frank Dobson: To ask the Secretary of State for
Transport what the original estimate was of the cost of
the High Speed 2/High Speed 1 link works above
ground from the Primrose Hill portal to connect with
High Speed 1; and what the most recent estimate is.
[164750]
Mr Simon Burns: HS2 Ltd advises that the original
January 2012 estimate for the cost of the High Speed
2/High Speed 1 link works above ground from the
Primrose Hill portal to connect with High Speed 1 was
£170 million. Their current estimate for the works above
ground is £300 million.
The increased cost for the current estimate of the
surface element is driven by a more detailed understanding
of the implications of the route, for example the need to
widen structures on the route.
Frank Dobson: To ask the Secretary of State for
Transport what the most recent estimate is of the cost
of the January 2012 proposals for High Speed 2 at
Euston. [164751]
Mr Simon Burns: I refer the right hon. Member to my
answer of 14 March 2013, Official Report, columns
281-2W, to the hon. Member for Garston and Halewood
(Maria Eagle).

TREASURY

Capital Gains and Inheritance Tax: High Speed 2
Railway Line
Andrea Leadsom:To ask the Chancellor of theExchequer
(1) whether he proposes it will be necessary for capital
gains tax to be paid on compulsorily purchased land as
a result of High Speed 2; [164644]
(2) whether he proposes it will be necessary for
inheritance tax to be paid on agricultural land which is
to be compulsorily purchased as a result of High Speed 2.
[164647]
Danny Alexander: The Government will apply the
existing rules relating to capital gains tax and inheritance
tax to proceeds arising fromland compulsory purchased
as a result of High Speed 2. If the land is sold during
the lifetime of the land owner no IHT is due at that
time.
Details of the existing rules can be found online at:
Capital gains tax for individuals:
Chargeable gains for companies:
returns/chargeable-gain.htm
Inheritance tax:
land.htm
Advertisements