Clause 13 - Relief from income tax and capital gains tax
Child Trust Funds Bill
11:15 am
Mr David Laws (Yeovil, Liberal Democrat)
I beg to move amendment No. 155, in
clause 13, page 7, line 26, at end add—
'(6) Before this section comes into force the Treasury shall lay before each House of Parliament a report setting out the additional costs to the Exchequer over the period from 1st April 2004 to 31st March 2022 of relief from income tax and capital gains tax as a consequence of the introduction of child trust fund accounts, together with an assessment of the scope for greater tax avoidance activity.'.