Business: Tax Allowances:Written question - 55513

Q
(Stalybridge and Hyde)
Asked on: 29 November 2016
HM Treasury
Business: Tax Allowances
Commons
To ask Mr Chancellor of the Exchequer, with reference to paragraph 4.15 of the Autumn Statement 2016, what estimate he has made of the cost to the public purse of the changes to business investment relief relating to non-domiciled individuals.
A
Answered by: Jane Ellison
Answered on: 06 December 2016

As announced in the Autumn Statement 2016 document, the changes to Business Investment Relief are expected to have a negligible Exchequer cost, as the scheme encourages non-domiciled individuals to bring money into the UK to invest in UK business that would otherwise would have been left offshore.

Share this page