Clause 96 - Gifts of real property to charity

Part of Finance Bill – in a Public Bill Committee at 3:15 pm on 13th June 2002.

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Photo of Michael Jack Michael Jack Conservative, Fylde 3:15 pm, 13th June 2002

Where does the Economic Secretary's logic, which I hope I have followed correctly, lead for somebody who set up a charity to collect individual items, which they might have been offered under the amendment? Effectively, they could not accept such items because of the line that he is taking. He puts the complexity of the use of an asset to a charity as a reason for not accepting the amendment. If, for example, somebody had a prize collection of motor-cars in a motor museum and had set up a charity for the purpose of collecting a particular mark of car, why should they not have the benefit of the provision if they were offered such a car?