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Written question asked by Lord Maude of Horsham (Conservative) on Thursday, 1 December 2005, in the House of Commons. It was due for an answer on Monday, 5 December 2005. It was answered by Baroness Primarolo (Labour) on Wednesday, 7 December 2005 on behalf of the Treasury.


Income Tax

Question
To ask the Chancellor of the Exchequer whether he has plans to increase the nil rate income tax band for trusts.
Answer

A £500 standard rate band was introduced in Finance Act 2005, below which trust income is subject to no more than the basic rate of tax. We keep all matters of taxation under review as part of the Budget process.


Secondary information

Type
Written question
Reference
35150; 440 c1327W;440 c1327W
Session
2005-06
Subjects
Income tax Trusts
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk