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Rented Property

Volume 168: debated on Thursday 8 March 1990

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To ask the Chancellor of the Exchequer what is the level of revenue forgone by the Exchequer through the tax incentives to landlords investing in the business expansion scheme since April 1988.

The cost of BES tax relief on residential property in 1988–89 is provisionally estimated as £110 million. Information for 1989–90 is not yet available.