(except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 84 - Charge to income tax by reference to enjoyment of property previously owned
Finance Bill
3:15 pm
Ms Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
That is the subject of an amendment and of the debate about retrospection. I will reject the retrospection point. However, I will not try your patience, Sir John, by going into those debates. Record keeping is required to start at 1986 anyway under current inheritance tax rules. Any arrangements that people make now would involve records that they should keep for the purposes of inheritance tax.