Schedule 22 - Chargeable gains: private residence relief

Part of Finance Bill – in a Public Bill Committee at 10:30 am on 25 May 2004.

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Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury 10:30, 25 May 2004

I will be happy not to press new clause 11 to a vote later in our proceedings. I shall write to the Paymaster General, as she suggested. I simply end by saying that the issue is greyness, not whether such incidents are tax challenges. I cannot see any objection in principle to Revenue guidance that makes it clear that fostering and adult caring are not viewed as businesses for tax purposes. I do not believe that anyone ever thought that they should be, and I cannot imagine that any member of this Committee thinks that.