Clause 96 - Gifts of real property to charity

Part of Finance Bill – in a Public Bill Committee at 3:45 pm on 13th June 2002.

Alert me about debates like this

Photo of Rob Marris Rob Marris Labour, Wolverhampton South West 3:45 pm, 13th June 2002

I take the point that the right hon. Member for Fylde made about a home for a charity in sunnier climes. However, that could cause a nightmare in other circumstances. Many of my constituents have land in India and I anticipate that they might wish, from honourable and generous motives, to give six acres in the Punjab to a charity, perhaps to a religious one, on which tax relief could be claimed. I am sure that the right hon. Gentleman knows how valuable land is in the Punjab, but it may not be so valuable in UK terms, and it could be awkward in terms of the charity's honour to refuse such a donation. That situation can arise now, but it could be greatly exacerbated were tax relief available.