There is a time lag, which is why the receipts are not shown for this year. There is also a bringing forward of benefit because, as opposed to the lock-in, there is an advance disposal of the assets which would not otherwise have taken place. Also, of course, there will be a release of income tax, rather than a waiting for a capital tax and putting off the delay that would come from the capital gain.
Finance Bill
Proceeding contribution from
David Ward
(Liberal Democrat)
in the House of Commons on Monday, 12 July 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance Bill.
About this proceeding contribution
Reference
513 c762 Session
2010-12Chamber / Committee
House of Commons chamberSubjects
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2023-12-15 18:02:42 +0000
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