Proceeding contribution from Theresa Villiers (Conservative) in the House of Commons on Tuesday, 4 July 2006. It occurred during Debate on bill on Finance (No. 2) Bill.
Finance (No. 2) Bill
I will come to the second point later. On the first point, the amendments are most important in relation to inter vivos trusts, because at least there are other options open in relation to trusts set up on death. After the Government’s amendments in Committee, it will now be possible to set up life-interest trusts under a will without suffering the tax penalties. The primary advantage to be gained by the Opposition’s amendments is in relation to the establishment of inter vivos trusts, which would obviously otherwise incur the charges.
Secondary information
- Type
- Proceeding contribution
- Reference
- 448 c668
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disability Children Death Conservation Combined heat and power Annuities Dependants Environment protection Electricity generation Energy supply Divorce Excise duties Fuels Inheritance tax Income Mental illness Motor vehicles Oil Pollution Pensions Life insurance Petrol Scotland Religion Separation Taxation VAT Trusts Stamp duties Rural areas
- Legislation
- Finance (No. 2) Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 23:23:22 +0100
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