Clause 12 - Subscription limits
Child Trust Funds Bill
9:30 am
Mr David Cameron (Witney, Conservative)
Are there not many parents who have shares in a share save scheme, which this and previous Governments have encouraged, or in a share option scheme? They may want to pass some of those shares to the child through the child trust fund. As my hon. Friend says, it makes no sense that they should have to pay commission to sell the shares, but the transaction may also trigger a capital gains tax or other liability. It would be much simpler to put the shares straight into the child trust fund.