Proceeding contribution from Baroness Primarolo (Labour) in the House of Commons on Tuesday, 7 June 2005. It occurred during Debate on bill on Finance Bill.
Finance Bill
I can tell the hon. Gentleman that there are no plans for the Government to make changes to these particular provisions. I have seen the speculation about the amount that a particular organisation is suggesting. There has been correspondence with that organisation to explain to it why we believe that that figure is totally incorrect. Given the very tight controls that will exist on property transferring into a pension fund, and what happens when that property comes out of it, I do not recognise the points that are being made by that organisation. We need to be clear that this is part of—the property of—a pension fund, and the pension fund decides how it is used. Much as I pay a great deal of attention to any suggestions that this will be used as an avoidance vehicle, such suggestions are at present unfounded.
Secondary information
- Type
- Proceeding contribution
- Reference
- 434 c1135
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountancy Capital gains tax Corporation tax Income tax Gift aid National income Public expenditure Lump sum payments Public sector debt Tax avoidance Taxation VAT Stamp duties
- Legislation
- Finance Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-01-26 17:06:40 +0000
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