Oral question asked in the House of Lords, by Viscount Mackintosh of Halifax (Conservative). It was answered by Earl of Caithness (Conservative) on Monday, 26 February 1990.

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Untitled Oral question

Question

To extend relief from Capital Cains Tax provided by Section 147A(1) & (2)(d) of Capital Gains Tax Act 1979 on distribution of assets from accumulation & maintenance trusts, at present incapable of applying in cases where capital vesting age is greater than 18 (except where settlor has made special provision to cover cases where vesting age not more than 25.

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Secondary information

Type

Oral question

Reference

516 c588 

Session

1989-90

Oral question type

Lead

Chamber / Committee

House of Lords chamber

Subjects

Capital gains tax Age Capital Trusts