Small Business, Enterprise and Employment Bill

Debate between Lord Deben and Lord Cope of Berkeley

Monday 12th January 2015 Grand Committee

[Lord Deben]

I was referring not to that issue, but to the issue of clearing up the connection between business rates and home businesses. Unless we do that, there could be circumstances in which the home became liable to business rates and then it could be seen as a business property. I want to make sure that, if such a business was sold, the owner could maintain the right to sell his own property without VAT—

[Lord Cope of Berkeley]

And capital gains tax.

[Lord Deben]

Yes, the capital gains tax element becomes very serious in that regard. I know that my noble friend will tell me that, happily, it is all here, but I am just not sure that everybody will understand that. I want to make sure that the guidance makes it clear that people are protected.