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

There is another check on the types of donations that would be likely to flow if the Economic Secretary were minded to accept the amendment, which is that a charity has to want to receive them. Unless he is suggesting that a charity might receive a whole series of gifts for which it has no use but which need storage space, incur collection costs and so on, he is implying that the proposal would help an individual corporation to reduce its tax liability although the mechanism would not be in the charity's interest. I do not understand the Government's reasoning. The necessary check is in the clause.