Written question asked by Baroness Hamwee (Liberal Democrat), in the House of Lords. It was due for an answer on Wednesday, 27 January 1993. It was answered by Earl of Caithness (Conservative) on Wednesday, 27 January 1993.

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Caithness, RtHonEarl

Question

If HMGovt accept that potential participants in Rent a Room scheme for letting furnished rooms in their own home are deterred by their possible liability for capital gains tax on sale of their home & in particular by apparent complexity in Inland Revenue leaflet IR87 & if so, if they will consider a simplified & more easily understood form of exemption.

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Secondary information

Type

Written question

Reference

541 c94WA

Session

1992-93

Subjects

Capital gains tax Housing Government departments Leaflets Private sector Sales Rented housing Rent a room scheme