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Ministerial statement on Thursday, 24 January 2008, in the House of Commons, led by Lord Darling of Roulanish.

Capital Gains Tax

Statement on capital gains tax reform.

Secondary information

Type
Parliamentary proceeding
Reference
470 c1627-37 
Session
2007-08
Department
Treasury
Chamber / Committee
House of Commons chamber
Related items
Taxation: Capital Gains Tax
Monday, 18 February 2008
Written questions
House of Lords
Proceeding contributions
Vincent Cable | 470 c1630-1 (Link to this contribution) May I take the Chancellor back to the beginning of his Odyssey through capital gains tax reform, and...
Lord Darling of Roulanish | 470 c1630 (Link to this contribution) I am always wary of giving tax advice on the Floor of the House. I set out in my statement the condi...
Show all contributions (40)
Lord Darling of Roulanish | 470 c1627-8 (Link to this contribution) With your permission, Mr. Speaker, I would like to make a short statement on capital gains tax refor...
Lord Darling of Roulanish | 470 c1629-30 (Link to this contribution) I notice that at no time in the hon. Gentleman's contribution did he say whether he was for or again...
George Osborne | 470 c1628-9 (Link to this contribution) In the short, inglorious time in which the Chancellor has been in office, he has had only one origin...
Lord Darling of Roulanish | 470 c1631-2 (Link to this contribution) I do not know of many people who would argue that capital gains tax should be put back up to the 40 ...
Lord Darling of Roulanish | 470 c1633 (Link to this contribution) Quite simply because I think that that would make the system very complicated and difficult to admin...
Michael Jack | 470 c1633 (Link to this contribution) What has puzzled me about the Chancellor's announcement is that when he was first in the Treasury he...
Lord Darling of Roulanish | 470 c1633 (Link to this contribution) As my hon. Friend describes, there are advantages for people who have set up and are perhaps conside...
Tom Levitt | 470 c1633 (Link to this contribution) Any tax system must have the confidence and consent of those involved in it, and today's statement i...
Lord Darling of Roulanish | 470 c1633 (Link to this contribution) I do not think that that is right. I have just explained that the cost of the proposals announced to...
Iain Duncan Smith | 470 c1632-3 (Link to this contribution) It is a bit rich for the Chancellor to come here and accuse my hon. Friends on the Front Bench of no...
Lord Darling of Roulanish | 470 c1632 (Link to this contribution) I am grateful to my right hon. Friend for his welcome. On his last point about the insurance industr...
Lord McFall of Alcluith | 470 c1632 (Link to this contribution) May I welcome the Chancellor's statement? It is a huge step forward to have moved in 10 short years ...
George Mudie | 470 c1633-4 (Link to this contribution) I welcome the main thrust of the Chancellor's announcement, but I would like to return to the item r...
Lord Darling of Roulanish | 470 c1634 (Link to this contribution) As I said to our right hon. Friend the Member for West Dunbartonshire (John McFall) and others, and ...
Mark Prisk | 470 c1635 (Link to this contribution) This statement is as inadequate as the Chancellor has proved himself to be incompetent on the issue....
Lord Darling of Roulanish | 470 c1635 (Link to this contribution) No, but the overall thrust of what people are saying is that they want certainty as to what the regi...
David Leslie Taylor | 470 c1635 (Link to this contribution) Is the Chancellor convinced that people are being given adequate time to plan their affairs, particu...
Lord Darling of Roulanish | 470 c1635 (Link to this contribution) Of course we will listen to what businesses—small and large alike—have to say. It is important that ...
Andrew MacKay | 470 c1634-5 (Link to this contribution) As today's statement, far from complementing the previous proposals, is clearly a retreat, what less...
Lord Darling of Roulanish | 470 c1634 (Link to this contribution) As I said earlier, the average gain under such employee schemes is between £2,000 and £3,000. Everyb...
Patricia Hewitt | 470 c1634 (Link to this contribution) I am sure that my right hon. Friend's statement will be warmly welcomed by many small business owner...
Lord Darling of Roulanish | 470 c1634 (Link to this contribution) If there is a single rate, and we move away from the old system of a number of rates, does it not fo...
Lord Darling of Roulanish | 470 c1635 (Link to this contribution) The tax regime in this country, whether it is the lowest corporation tax rates that we have ever had...
Lord Harper | 470 c1637 (Link to this contribution) Many Members have commented that the combination of the changes announced today and those announced ...
Lord Darling of Roulanish | 470 c1636 (Link to this contribution) I think the real answer to the problem that the hon. Gentleman has raised—and the shortage of housin...
Adam Price | 470 c1636 (Link to this contribution) Does the Chancellor not understand that offering a tax break to second-home owners will make investm...
Lord Darling of Roulanish | 470 c1636 (Link to this contribution) I said in my statement that I would keep that under review. If there is any sign of abuse of this or...
Lord Darling of Roulanish | 470 c1636 (Link to this contribution) My hon. Friend is right: the Tory party paid scant attention to communities like his that were devas...
Chris Bryant | 470 c1635-6 (Link to this contribution) Analysis of the economy in my constituency shows that it contains about a third of the number of bus...
Lord Darling of Roulanish | 470 c1637 (Link to this contribution) I am grateful to the hon. Gentleman. He has endeavoured to give a fair assessment of what I am propo...
Mark Field | 470 c1637 (Link to this contribution) Like many Members, in these sorry circumstances I support the proposal, although it flies in the fac...
Lord Darling of Roulanish | 470 c1637 (Link to this contribution) If the hon. Gentleman cared to look at the figures that we published in the pre-Budget report, he wo...
Rob Marris | 470 c1630 (Link to this contribution) I welcome the statement from my right hon. Friend. I wonder whether he can answer this question. If ...
Lord Darling of Roulanish | 470 c1637 (Link to this contribution) It is good of the right hon. and learned Gentleman to say that. One of the many changes that we hav...
Jim Cousins | 470 c1636 (Link to this contribution) I understand my right hon. Friend's motives, but new reliefs will mean new opportunities. Tax change...
Julia Goldsworthy | 470 c1634 (Link to this contribution) My hon. Friend the Member for Twickenham (Dr. Cable) raised the question earlier, but I am not sure ...
Viscount Hailsham | 470 c1636-7 (Link to this contribution) Will the right hon. Gentleman confirm my understanding that his October proposals, as modified today...
Subjects
Capital gains tax Reform Tax allowances Taxation Tax rates and bands
Link
View this Parliamentary proceeding on www.publications.parliament.uk