Proceeding contribution from David Gauke (Conservative) in the House of Commons on Wednesday, 3 May 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No 2) Bill.
Finance (No. 2) Bill
At an earlier stage the Government proposed a leverage limit of 2.5:1; now, it is 1.25:1. In February the Royal Institute of Chartered Surveyors argued that that restriction was unnecessary because the market will restrain excessive borrowing and ensure a reasonable level of taxable deductions. That tends to be the international norm. In many jurisdictions there is no leverage limit.
Secondary information
- Type
- Proceeding contribution
- Reference
- 445 c1048
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Companies Assets Climate change Cars Concessions Finance Investment Income tax Excise duties Inheritance tax Property Transport Small businesses Shares Tax allowances Taxation Research Rural areas Real estate investment trusts Enterprise investment scheme Venture capital trusts
- Legislation
- Finance (No. 2) Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 22:12:55 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_319347
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