Proceeding contribution from Jacob Rees-Mogg (Conservative) in the House of Commons on Tuesday, 21 February 2012. It occurred during Debate on bill on London Local Authorities Bill [Lords].
London Local Authorities Bill [Lords]
The position from HMRC's point of view is interesting and important. Motor cars are exempt from capital gains tax. Therefore, if somebody was selling just one, it would not be subject to a profits tax and would be exempt from capital gains tax, so it is quite a good thing to do from a tax point of view.
Secondary information
- Type
- Proceeding contribution
- Reference
- 540 c836
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Fees and charges Greater London Internet Local government Powers Private bills Street trading
- Legislation
- London Local Authorities Bill (HL) 2007-08 to 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 15:50:42 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_810773
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