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min question first answered	2015-09-22T09:32:38.673Z
min ddp modified	2015-09-16T14:45:04.917Z
answer date	2015-09-16
min ddp created	2015-09-11T18:40:54.587Z
ddp modified	2015-09-22T13:51:02.530Z

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

418645

registered interest

date

14/09/2015

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Income Tax: Tax Allowances

house id

legislature

25259

pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of lower rate income tax payers who will potentially be moved into the higher rate as a result of the provisions set out in clause 24 of the Finance Bill 2015.

tabling member constituency

Stevenage

tabling member printed

Stephen McPartland

uin

10113

answer

is ministerial correction

date of answer

22/09/2015

answer text

It is assumed that the question refers to clause 24 of the Summer 2015 Finance Bill: relief for finance costs related to residential property businesses. To make the tax system fairer, the Government will restrict the amount of tax relief landlords can claim on property finance costs (such as mortgage interest or interest on loans to buy furnishings) to the basic rate of tax. This will ensure that landlords with the largest incomes no longer receive the most generous tax treatment. To give landlords time to adjust the Government will introduce this change over 4 years starting from April 2017. The actual number of taxpayers affected will depend on behavioural changes and other economic factors.

answering member constituency

South West Hertfordshire

answering member printed

Mr David Gauke

question first answered

22/09/2015 13:19:23

answering member

1529

label	Biography information for Mr David Gauke

tabling member

4093

label	Biography information for Stephen McPartland