Proceeding contribution from Geoffrey Clifton-Brown (Conservative) in the House of Commons on Wednesday, 6 July 2005. It occurred during Debate on bill on Finance Bill.
Finance Bill
My right hon. Friend is making a cogent contribution. Does he agree that many people nowadays have to work way beyond the retirement age in order to pay the mortgage on a very expensive house purely in order to pass it on to their children? If the fiscal drag that comes from the inheritance tax system continues, people may be thwarted in that aim and may well choose not to work for so long past their retirement age.
Secondary information
- Type
- Proceeding contribution
- Reference
- 436 c350
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Debts Land Insurance companies Law Excise duties Freight Fuels Inheritance tax Double taxation Investment trusts Oil Property transfer Reform Tax avoidance Taxation VAT Trusts Rural areas Stamp duty land tax Sunset clauses
- Legislation
- Finance Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 11:17:19 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_256815
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