Proceeding contribution from Lord Forsyth of Drumlean (Conservative) in the House of Lords on Tuesday, 17 July 2007. It occurred during Debate on bill and Debate on select committee report on Finance Bill.
Finance Bill
My Lords, that simply will not do as an argument. If Russian billionaires are paying almost no stamp duty on houses in London costing £20 million, making them pay will not reduce the yield. What it might do is have an impact on the house price boom in central London, where domestic people, paying their taxes, cannot afford to pay the prices.
Secondary information
- Type
- Proceeding contribution
- Reference
- 694 c189
- Session
- 2006-07
- Chamber / Committee
- House of Lords chamber
- Subjects
- Companies Capital gains tax Business Corporation tax Capital allowances Fraud ICT Income tax Empty property Inheritance tax Low incomes Payments Welfare tax credits Small businesses Reform Tax allowances Stocks and shares Tax avoidance Taxation VAT Research Tax rates and bands Self-employed Revenue and Customs Electronic government Research and development tax credit Managed service companies
- Legislation
- Finance Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 11:44:12 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_411466
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