Stamp Duties: Tax Avoidance

Treasury written question – answered on 7th October 2008.

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Photo of Vincent Cable Vincent Cable Shadow Chancellor of the Exchequer, Liberal Democrat Spokesperson (Treasury)

To ask the Chancellor of the Exchequer what estimate he has made of the loss of revenue to the Exchequer from stamp duty tax avoidance through the use of offshore trusts in the last period for which figures are available.

Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

I refer the hon. Gentlemen to the answer the former Economic Secretary to the Treasury my right hon. Friend Ed Balls gave him on 16 April 2007, Official Report, column 415W.

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