Linked Data API

Show Search Form

Search Results

418645
registered interest false more like this
date less than 2015-09-14more like thismore than 2015-09-14
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Income Tax: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stevenage more like this
tabling member printed
Stephen McPartland more like this
uin 10113 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-09-22more like thismore than 2015-09-22
answer text <p>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.</p><p> </p><p> </p><p> </p><p>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.</p><p> </p><p> </p><p> </p><p>The actual number of taxpayers affected will depend on behavioural changes and other economic factors.</p><p> </p> more like this
answering member constituency South West Hertfordshire more like this
answering member printed Mr David Gauke more like this
question first answered
less than 2015-09-22T13:19:23.687Zmore like thismore than 2015-09-22T13:19:23.687Z
answering member
1529
label Biography information for Mr David Gauke more like this
tabling member
4093
label Biography information for Stephen McPartland more like this