Proceeding contribution from Theresa Villiers (Conservative) in the House of Commons on Tuesday, 2 May 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No. 2) Bill 2005-06.
Finance (No. 2) Bill
The Paymaster General is right that there is no change to the rules on making outright transfers to the spouse. The Government propose to change the rules where trusts are set up for spouses, which is a significant restriction of the spousal exemption. Section 18 of the Inheritance Tax Act 1984 explicitly refers to the ability to set up trusts, and the Paymaster General proposes to limit the ability of people to set up such trusts.
Secondary information
- Type
- Proceeding contribution
- Reference
- 445 c842
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Clubs Companies Corporation tax Computers Civil partners Housing ICT Divorce Exemptions Inheritance tax Fringe benefits Equipment Remote working Low incomes Property Married people Small businesses Tax allowances Taxation Trusts Tax rates and bands Wills Home computing initiative Civil partnerships dissolution
- Legislation
- Finance (No. 2) Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2024-04-21 21:19:50 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_318549
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