Clause 96 - Gifts of real property to charity

Part of Finance Bill – in a Public Bill Committee at 3:30 pm on 13th June 2002.

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Photo of Mark Hoban Mark Hoban Opposition Whip (Commons) 3:30 pm, 13th June 2002

I just wonder how the Economic Secretary's argument about the difficulty of valuation, the problem for donors and the Inland Revenue, and the huge complexity that might arise from the treatment of moveable assets relates back to other clauses in the Bill. Clause 54 refers to gifts of medical supplies and equipment. Surely the valuation issue he raises applies equally to that clause, which the Government put in the Bill.