Written question asked by Tim Loughton (Conservative) on Wednesday, 8 November 2000, in the House of Commons. It was due for an answer on Thursday, 16 November 2000. It was answered by Baroness Primarolo (Labour) on Thursday, 16 November 2000 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, who will be eligible for tax relief for creating flats over shops; and if there will be an upper limit to such relief in respect of the (a) property and (b) property owners. - (Holding answer 13 November 2000).

Answer: Mr. Loughton: To ask the Chancellor of the Exchequer who will be eligible for tax relief for creating flats over shops; and if there will be an upper limit to such relief in respect of the (a) property and (b) property owners. [138235] Dawn Primarolo: [holding answer 13 November 2000]: Under the proposals announced by the Chancellor in the pre-Budget Report, 100 per cent. capital allowances for the costs of converting vacant and under-used space over shops would be available to property owners who create flats for letting. The scheme will include checks to ensure this enhanced relief does not subsidise high-value properties that require no encouragement. It is not proposed to limit the total relief available to a property owner.

Secondary information