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Proceeding contribution from Adam Price (Plaid Cymru) in the House of Commons on Thursday, 24 January 2008. It occurred during Ministerial statement on Capital Gains Tax.


Capital Gains Tax

Does the Chancellor not understand that offering a tax break to second-home owners will make investment in second homes even more financially attractive and will put further pressure on house prices, especially in rural areas, making them even less affordable than they are now? Are the Government not making the same mistake that they made with self-invested personal pensions? Having originally proposed to include second homes as a qualifying asset, they then had to withdraw the proposal because of precisely the objections that are being made now.


Secondary information

Type
Proceeding contribution
Reference
470 c1636 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Capital gains tax Reform Tax allowances Taxation Tax rates and bands
Link
View this Proceeding contribution on www.publications.parliament.uk