Schedule 25 - Capital gains tax: taper relief: business assets
Finance Bill
10:00 am
Mr Howard Flight (Arundel and South Downs, Conservative)
I thank the Paymaster General for a most clear exposition of an obscure point involving English versus Scottish law, and she is right that I do not want to disqualify any party from business relief. However, that point and other issues readily demonstrate the need for a simplification of capital gains tax and a reduction in the rate; the Conservative party is pledged to that. I beg to ask leave to withdraw the amendment.
Amendment, by leave, withdrawn.
Question proposed, That this schedule be the Twenty-fifth schedule to the Bill.