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Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Wednesday, 7 April 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.


Finance Bill

The Minister has clarified my first point about the situation in which a gift has been made to help someone to purchase a property: the relief could still be granted for that purchase when a gift had been made by, say, a relative to enable someone to purchase a house. My second point related to whether someone who was over 18 and, say, living in their parents' home would be deemed to have a major interest in that property. Would the provision in proposed new subsection (2)(a) prevent them from taking advantage of the relief when they subsequently bought a home of their own?


Secondary information

Type
Proceeding contribution
Reference
508 c1101 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Corporation tax Capital investment Cider Income tax Excise duties Fuels Double taxation Economic situation Pensions National insurance contributions Taxation Tobacco Stamp duties Smuggling First time buyers Stamp duty land tax
Legislation
Finance Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk