In support of the query raised by the noble Lord, Lord Williams of Elvel, what will be the tax status of a commons association? If it is to dispose of land, there may be a capital gains tax issue. If there is capital gains tax, how will it be divided? One can foresee a variety of issues which will provide a field day for accountants.
Commons Bill [HL]
Proceeding contribution from
Lord Chorley
(Crossbench)
in the House of Lords on Wednesday, 9 November 2005.
It occurred during Debate on bills
and
Committee proceeding on Commons Bill [HL].
About this proceeding contribution
Reference
675 c217GC Session
2005-06Chamber / Committee
House of Lords Grand CommitteeSubjects
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2024-04-22 01:25:19 +0100
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