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 Edward Davey Edward Davey Shadow Spokesperson (Office of the Deputy Prime Minister), Shadow Minister (Olympics and London), Liberal Democrat Spokesperson (Olympics and London), Liberal Democrat Spokesperson (Office of the Deputy Prime Minister) 3:30 pm, 13th June 2002

Would it not be possible to deal with the problems that the Economic Secretary suggests are contained in the amendments by introducing a value below which tax relief would not be possible? That would move us away from the idea that people could seek tax relief on second-hand clothes and books. Surely, it would be simple to introduce such a figure. We could then be clear that assets only above a certain amount would be deemed to qualify. The Minister is right: along any high street in Britain, one can see that people readily donate their second-hand clothes and books. Charities that advocate the measure, however, do not have such assets in mind.