Clause 29 - Special rates of tax applicable to trusts
Finance Bill
10:15 am
Mr John McWilliam (Blaydon, Labour)
With this it will be convenient to discuss the following:
Schedule 4—Amendments relating to the rate applicable to trusts
New clause 1—Repeal of section 677 of Taxes Act 1988
'Section 677 of the Taxes Act 1988 (sums paid to settlor otherwise than as income) is hereby repealed.'.
I suggest to hon. Members that it is probably useful if they include anything that they would like to say on clause 29 stand part now.