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Taxation: Property

Volume 503: debated on Wednesday 13 January 2010

To ask the Chancellor of the Exchequer if he will review the rules on the election of a property as a primary residence on individuals for the purpose of determining future tax liability to ensure that such liabilities are met. (310411)

Tax policy changes are considered through the Budget process in the usual way. The Government consider a range of factors when formulating tax policy and keep all aspects of the tax system under review.