Proceeding contribution from Philip Dunne (Conservative) in the House of Commons on Monday, 23 April 2007. It occurred during Debate on bill on Finance Bill.
Finance Bill
It is possible to have a test of why an individual is making an investment. If they are making the investment only because they have a loss they wish to offset, they would fail the test. That is what the legislation should be designed to correct, not to attack legitimate and genuine investment for bona fide commercial purposes. I very much hope that in Committee we shall be able to propose amendments that allow the Paymaster General to recognise that fact, as the Bill’s existing measures will lead to the end of many bona fide commercial transactions.
Secondary information
- Type
- Proceeding contribution
- Reference
- 459 c742
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Crime Agriculture Aviation Business Corporation tax Climate change Buildings Bureaucracy Capital allowances Fraud Housing Education Environment Investment Income tax Energy Electricity generation Economic situation Floods Inflation Pensions Olympic Games Passengers Petrol Partnerships Pension funds Small businesses Regional planning and development Tax allowances Tax avoidance Taxation Research Tax rates and bands Rural areas Off-payroll working
- Legislation
- Finance Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 12:17:03 +0000
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