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 Mr Howard Flight Mr Howard Flight Conservative, Arundel and South Downs 3:30 pm, 13th June 2002

In my reference to other potential assets, I sought deliberately to restrict them to items that were reasonably valuable. The valuation point is understood, for better or worse, but a second point arises. Charities want a category of assets wider than quoted shares, land and works of art for which valuation is not a major issue to qualify and I shall be interested to hear the argument concerning those categories for which valuation is not a great problem.