Parliamentary Search

Proceeding contribution from James Paice (Conservative) in the House of Commons on Tuesday, 26 June 2007. It occurred during Debate on bill on Finance Bill.

Finance Bill

The Minister implies that a farmer who has already invested in a new building in the past few years and is unable to claim the 4 per cent. allowance can in future claim against the £50,000 allowance. That is not my understanding, and the Minister is indicating that I am correct. In that case, there is no succour for all those people who have investments on the ground now but cannot continue to claim the agricultural buildings allowance. To be honest, to suggest that the £50,000 will help them is a distraction from reality, as they will be stuck with an investment for which they cannot claim any allowance.

Secondary information

Type
Proceeding contribution
Reference
462 c242-3 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Conditions of employment Companies Agriculture Age Conservation Combined heat and power Annuities Buildings Capital allowances Housing Investment Energy Electricity generation Insurance companies Industry Grants Inheritance tax Personal income Pensions Property Pension funds Sales Small businesses Tax allowances Renewable energy Tax avoidance Taxation Technology Tax rates and bands Self-employed Solar power Carbon emissions Stamp duty land tax Alternatively secured pensions Managed service companies
Legislation
Finance Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk