I have to say that the noble Viscount has not made the position clear to me. It may well be that everybody else is clear about it but, as I understand it, he is saying that the £2,000 will be taxable, and he appears to be saying that it will be taxable as income. If that is so, the value of the shares in real terms could very well be reduced by 40%. Is that right?
Growth and Infrastructure Bill
Proceeding contribution from
Lord Stoddart of Swindon
(Independent Labour)
in the House of Lords on Wednesday, 6 February 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Growth and Infrastructure Bill.
Type
Proceeding contribution
Reference
743 c280
Session
2012-13
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2016-04-05 11:52:22 +0100
URI
http://hansard.intranet.data.parliament.uk/Lords/2013-02-06/13020674000155
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