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Loved or ‘ated?

20 August 2013 / Mike Truman
Issue: 4416 / Categories: Comment & Analysis , Admin , Budget/Finance Act

The end of the Finance Bill committee debates can’t come soon enough

KEY POINTS

  • ATED could easily become a mansion tax with a few statutory changes
  • Amendments introduced at Report stage to IHT provisions
  • Ministerial statement on being in the UK due to “exceptional circumstances”
  • Situations in which government will apply tax legislation retrospectively

Right let’s get this finished. I’ve got better things I could be doing with my time than reporting the Finance Bill committee debates. Like replying to emails which unlike members of the committee I can’t do at the same time as (supposedly) concentrating on the debate.

Mansion tax

The 15th session started with a typical “publish an assessment” amendment by Labour allowing them to talk generally about the annual tax on enveloped dwellings (ATED).

Apart from a bit of sniping at the Liberal Democrats and at...

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