New Clause 5 - Business asset disposal relief: review of increase in rate

Finance Bill – in the House of Commons at 2:15 pm on 10 December 2024.

Alert me about debates like this

Votes in this debate

“(1) The Chancellor of the Exchequer must commission and publish an assessment of the expected impact of the provisions of section 8 on the number of Business Asset Disposal Relief claims involving the sale of a business.

(2) The assessment must compare estimates for the number of claims involving the sale of a business in the tax year 2024-25 with the number of such claims in the tax year 2025-26.

(3) The assessment must compare the impact under the provisions of section 8 with what impact could have been expected had the rate remained unchanged”.—(Gareth Davies.)

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Division number 59 Finance Bill Committee: New Clause 5

Aye: 105 MPs

No: 339 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

The Committee divided: Ayes 105, Noes 340.

Question accordingly negatived.