New Businesses: Capital Gains Tax - Question

Part of the debate – in the House of Lords at 12:08 pm on 20 January 2021.

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Photo of Lord Palmer of Childs Hill Lord Palmer of Childs Hill Deputy Chairman of Committees, Deputy Speaker (Lords) 12:08, 20 January 2021

My Lords, business asset disposal relief is mistargeted if its aim is to stimulate investment. Does the Minister agree that it has become a form of retirement relief for successful and wealthy entrepreneurs?