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Proceeding contribution from Baroness Primarolo (Labour) 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

That is probably as close as I shall get to receiving an apology but, when the hon. Gentleman reads Hansard, he will see exactly what he said. I shall begin with some of the other points that the hon. Gentleman raised. He asked why no consultation had taken place and said that there was nothing wrong with the sort of trust that we are considering. I shall revert in a moment to the general point about trusts that the hon. Member for Grantham and Stamford (Mr. Davies) made. Let me refer to a couple of quotes. On 12 April, the Daily Mail, that well-known Labour paper, reported:"““A trust allows you to pass money to your heirs while protecting it from tax and keeping control over how the money is used . . . Why set up one? First and foremost, to ensure your heirs receive the maximum amount of money free from inheritance tax.””" If that is not sufficient, let us consider The Sunday Telegraph of 16 April.


Secondary information

Type
Proceeding contribution
Reference
445 c864-5 
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