2019 Loan Charge — [Mr Charles Walker in the Chair]

Part of the debate – in Westminster Hall at 3:42 pm on 20th November 2018.

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Photo of Mohammad Yasin Mohammad Yasin Labour, Bedford 3:42 pm, 20th November 2018

The Government say not only that the loan charge is designed to treat loans as income but that if the loans—now income—are written off, they will be subject to inheritance tax because the loan will not be repaid. Numerous court and tribunal findings agree that the loans were loans, not income, yet the Government press ahead regardless. Does the Minister agree that that is completely wrong and unfair?