(except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 112 - Private residence relief

Finance Bill – in a Public Bill Committee at 9:30 am on 25th May 2004.

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Question proposed, That the clause stand part of the Bill.

Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury

I welcome you to the Chair, Mr. McWilliam.

There have been significant professional criticisms of the clause and the measures in the schedule. The Chartered Institute of Taxation has argued that the changes—

Photo of Mr John McWilliam Mr John McWilliam Labour, Blaydon

Order. I would not want the hon. Gentleman inadvertently to mislead the Committee. The clause states:

''Schedule 22 (which makes provision about private residence relief) has effect.''

I cannot see any possible professional criticism of that; it is a fact.

Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury

You are, as ever, correct, Mr. McWilliam. Perhaps it would be better to cover the issues under the schedule, but as there are amendments to be discussed under the schedule, I thought there was an argument for dealing with criticisms in principle of the arrangements under the clause.

Photo of Mr John McWilliam Mr John McWilliam Labour, Blaydon

It might help the Committee if I draw its attention to the selection list. The Committee will observe that I have selected schedule stand part together with new clause 11. That combination renders debate under clause 112 about the principle otiose.

Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury

I stand corrected, and sit.

Question put and agreed to.

Clause 112 ordered to stand part of the Bill.