Written question asked by Lord Macaulay of Bragar (Labour), in the House of Lords. It was due for an answer on Tuesday, 19 November 1991. It was answered by Lord Brabazon of Tara (Conservative) on Tuesday, 19 November 1991.

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Written question

Question

What expenditure is acceptable before closure of a typical trust fund of type used by amateur athletes; what are tax implications of operation of such funds & whether HMG propose to allow artists, writers & actors to operate such trust funds.

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Secondary information

Type

Written question

Reference

532 c59-60WA

Session

1991-92

Subjects

Income tax Investment income Tax allowances Taxation Trusts Athletics