Written question asked by Lord Taylor of Goss Moor (Liberal Democrat) on Friday, 7 December 2001, in the House of Commons. It was due for an answer on Monday, 17 December 2001. It was answered by Baroness Primarolo (Labour) on Monday, 17 December 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what assessment he has made of the recommendation of the Tax Law Committee's memorandum relating to the tax law on transfer of assets between spouses following separation and divorce; and what estimate he has made of the cost of extending the time period by a further two years in which assets could be transferred between separated spouses without any gain or loss of treatment as advised by the Tax Law Committee; and if he will make a statement.

Answer: Matthew Taylor: To ask the Chancellor of the Exchequer what assessment he has made of the recommendation of the Tax Law Committee's memorandum relating to the tax law on transfer of assets between spouses following separation and divorce; and what estimate he has made of the cost of extending the time period by a further two years in which assets could be transferred between separated spouses without any gain or loss of treatment as advised by the Tax Law Committee; and if he will make a statement. [22465] Dawn Primarolo: We have noted the recommendation by the Tax Law Committee.

Secondary information