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Business Expansion Scheme

Volume 130: debated on Thursday 31 March 1988

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To ask the Chancellor of the Exchequer if he will clarify the proposed rules for companies which will carry on qualifying activities for relief under the business expansion scheme, through the letting of homes on assured tenancies; and whether he intends that the company will be able to give notice to tenants at the end of the five-year qualifying period for relief under the business expansion scheme.

The proposed rules for this relief will be set out in the Finance Bill. The tenant under an assured tenancy which qualifies for the purposes of the business expansion scheme will have security of tenure (subject to the right of the landlord to recover possession of his property on certain specified grounds set out in the Housing Bill and the Housing (Scotland) Bill).