Part of Co-operatives and CommunityBenefit Societies Bill – in a Public Bill Committee at 3:00 pm on 18 March 2003.
Ruth Kelly
Financial Secretary, HM Treasury
3:00,
18 March 2003
Absolutely. As far as I am aware, asset lock-in will not affect the tax status of society's assets. I do not see any reason why tax-driven behavioural effects should arise from the Bill.
On that note, I commend new clause 1 to the Committee, and I hope that all members will support it.
Question put and negatived.
Clause 1 disagreed to.Clause 2A Society's Capacity
