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Oral answer to question provided on Monday, 26 February 1990 in the House of Lords, by Earl of Caithness (Conservative).


Oral answer to question

This is an answer to the Oral question asked on Monday, 26 February 1990 by Viscount Mackintosh of Halifax (Conservative).

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.

Secondary information

Type
Oral answer to question
Reference
516 c588 
Session
1989-90
Chamber / Committee
House of Lords chamber
Subjects
Capital gains tax Age Capital Trusts