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Securities, Other Business Property And Agricultural Property

Volume 116: debated on Tuesday 12 May 1987

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Question proposed, That the clause stand part of the Bill.

Clause 149 and schedule 14 provide for shares in a company dealt in on the unlisted securities market to be treated for inheritance tax purposes like shares in companies that have a full stock exchange listing. They also increase the rate of business relief for substantial minority holdings in unquoted companies. In addition, they introduce minor changes to the treatment of agricultural relief. I hope that they will commend themselves to the House.

Question put and agreed to.

Clause 149 ordered to stand part of the Bill.

Schedule 14 agreed to.

Clause 150 ordered to stand part of the Bill.