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
The Paymaster General may have misunderstood the import of what she is doing in such elections. I understand that some form of court order will be required to break such trusts. That is the only way a trust can be broken. Therefore while she may have mitigated the tax problems, she has not dealt with the future problem of double taxation—the fine—if a second death occurs after the trust is in place.
Secondary information
- Type
- Proceeding contribution
- Reference
- 436 c356
- 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
Librarians' tools
- Timestamp
- 2024-04-21 11:17:18 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_256823
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