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Motions to consider. Agreed to on question.
Motions to consider. Agreed to on question.
My Lords, the amendment stands in my name and that of my noble friend Lord Bradley. It is our contention that the Bill does not go far enough to address the governance of defined contribution pension schemes. We have consistently argued on the Bill and the previous Bill that all...
My Lords, the amendment stands in my name and that of my noble friend Lord Bradley. It is our contention that the Bill does not go far enough to address the governance of defined contribution pension schemes. We have consistently argued on the Bill and the previous Bill that all...
My Lords, may I just say “ditto” to what I said about the previous Measure?
My Lords, may I just say “ditto” to what I said about the previous Measure?
My Lords, this Measure makes a modest change to the statutory framework for land and property held on permanent trusts by parochial church councils. At present, legal title to all PCC land is vested in the “diocesan authority”—usually the diocesan board of finance—which holds it as trustee for the PCC,...
My Lords, this Measure makes a modest change to the statutory framework for land and property held on permanent trusts by parochial church councils. At present, legal title to all PCC land is vested in the “diocesan authority”—usually the diocesan board of finance—which holds it as trustee for the PCC,...
I thank the noble Lord, Lord Judd, for his support and for the support of the Ecclesiastical Committee. I now invite the House to approve the Motion.
I thank the noble Lord, Lord Judd, for his support and for the support of the Ecclesiastical Committee. I now invite the House to approve the Motion.
Lords motion to direct that, in accordance with the Church of England Assembly (Powers) Act 1919, the Ecclesiastical Property Measure be presented to Her Majesty for the Royal Assent. Agreed to on question.
Lords motion to direct that, in accordance with the Church of England Assembly (Powers) Act 1919, the Ecclesiastical Property Measure be presented to Her Majesty for the Royal Assent. Agreed to on question.
My Lords, Amendments 61ZB and 61ADG are in my name and that of my noble friend Lord Mendelsohn, who is today occupied by affairs in Gibraltar—for those who are interested in following his movements.
Our Amendment 61ZB omits the phrase “creditors’ committee or” from Clause 118. It has always been the...
My Lords, Amendments 61ZB and 61ADG are in my name and that of my noble friend Lord Mendelsohn, who is today occupied by affairs in Gibraltar—for those who are interested in following his movements.
Our Amendment 61ZB omits the phrase “creditors’ committee or” from Clause 118. It has always been the...
My Lords, the three amendments in this group stand in my name and in the name of my noble friend Lord McAvoy. Amendment 3 would remove the words “or managers” for collective schemes. In doing so, trustees would be required to be in place. Amendment 20 to Clause 37 would...
My Lords, the three amendments in this group stand in my name and in the name of my noble friend Lord McAvoy. Amendment 3 would remove the words “or managers” for collective schemes. In doing so, trustees would be required to be in place. Amendment 20 to Clause 37 would...
My Lords, we have tabled a clause stand part debate to scrutinise the rationale behind Clause 44 and the likely cost savings estimated by the department. First, can the Minister provide a few examples—or even one example—of how the process for selecting trustees under Section 7 of the 1995 Act...
My Lords, we have tabled a clause stand part debate to scrutinise the rationale behind Clause 44 and the likely cost savings estimated by the department. First, can the Minister provide a few examples—or even one example—of how the process for selecting trustees under Section 7 of the 1995 Act...
To ask Mr Chancellor of the Exchequer, if he will estimate the total value of trusts established to protect beneficiaries of inherited wealth.
To ask Mr Chancellor of the Exchequer, if he will estimate the total value of trusts established to protect beneficiaries of inherited wealth.
The majority of trusts are non-taxpaying and therefore are not required to submit a tax return. Consequently, HMRC does not have enough data to be able to estimate the total number of trusts established to protect beneficiaries of inherited wealth.
The number of UK Family Trusts and estates which are required to complete a full Self-Assessment return has remained broadly steady at 163,000 in 2011-12. Being able to protect family assets, providing for vulnerable beneficiaries and passing assets on to children and grandchildren are the main reasons for creating a trust.
Approximately 1000 trusts pay ten year anniversary and exit charges each year and the IHT HMRC receives from these trusts averages out at approximately £65 million per annum. The average value of assets held in trusts paying ten year anniversary and exit charges is approximately £2 million.
The Government has consulted on a number of tax policies following their announcement at Budget 2014. Today, the Government is publishing responses to these consultations alongside draft legislation to be included in Finance Bill 2015. This fulfils our objective to confirm the majority of intended tax changes at least three...
The Government has consulted on a number of tax policies following their announcement at Budget 2014. Today, the Government is publishing responses to these consultations alongside draft legislation to be included in Finance Bill 2015. This fulfils our objective to confirm the majority of intended tax changes at least three...
My honourable friend the Financial Secretary to the Treasury has today made the following Written Ministerial Statement.
The Government has consulted on a number of tax policies following their announcement at Budget 2014. Today, the Government is publishing responses to these consultations alongside draft legislation to be included in Finance Bill...
My honourable friend the Financial Secretary to the Treasury has today made the following Written Ministerial Statement.
The Government has consulted on a number of tax policies following their announcement at Budget 2014. Today, the Government is publishing responses to these consultations alongside draft legislation to be included in Finance Bill...
This has been a helpful debate covering a wide range of issues. I shall address the questions raised by the right hon. Member for East Ham (Stephen Timms), particularly about the Government new clauses, before moving on to the guidance guarantee.
On the budget freedoms, the right hon. Gentleman said the...
This has been a helpful debate covering a wide range of issues. I shall address the questions raised by the right hon. Member for East Ham (Stephen Timms), particularly about the Government new clauses, before moving on to the guidance guarantee.
On the budget freedoms, the right hon. Gentleman said the...
Report stage. New clause 1, discussed with new clauses 2 to 6, agreed to on question. New clauses 2 to 6 agreed to on question. New clause 7, discussed with new clauses 8 to 33 and New schedule 1, agreed to on question. New clauses 8 to 33 and new schedule 1 agreed to on question. Amendments made. Third reading. Queen's consent signified. Agreed to on question. Bill passed.
Report stage. New clause 1, discussed with new clauses 2 to 6, agreed to on question. New clauses 2 to 6 agreed to on question. New clause 7, discussed with new clauses 8 to 33 and New schedule 1, agreed to on question. New clauses 8 to 33 and new...
It is a pleasure, Mr Gray, to serve under your chairmanship. It is good to see you again for the second time this morning—we had breakfast together.
On the evening of 15 December 2005, a young man called Tim attended a Christmas party in the City of London. Tim had recently...
It is a pleasure, Mr Gray, to serve under your chairmanship. It is good to see you again for the second time this morning—we had breakfast together.
On the evening of 15 December 2005, a young man called Tim attended a Christmas party in the City of London. Tim had recently...
I congratulate my constituency neighbour, my hon. Friend the Member for Beckenham (Bob Stewart), on securing this important and timely debate. I commend him on his excellent, thoughtful speech, and apologise for the absence of my right hon. Friend the Minister of State, Department for International Development, who is appearing...
I congratulate my constituency neighbour, my hon. Friend the Member for Beckenham (Bob Stewart), on securing this important and timely debate. I commend him on his excellent, thoughtful speech, and apologise for the absence of my right hon. Friend the Minister of State, Department for International Development, who is appearing...
On that point, it would be lovely if DFID would consider a grant to the Bede Griffiths Charitable Trust if possible. It is an extremely well run charity, and it undoubtedly offers value for money. I just make that point.
On that point, it would be lovely if DFID would consider a grant to the Bede Griffiths Charitable Trust if possible. It is an extremely well run charity, and it undoubtedly offers value for money. I just make that point.