Business: Tax Allowances

(asked on 29th November 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to paragraph 4.15 of the Autumn Statement 2016, what estimate he has made of the cost to the public purse of the changes to business investment relief relating to non-domiciled individuals.


Answered by
 Portrait
Jane Ellison
This question was answered on 6th December 2016

As announced in the Autumn Statement 2016 document, the changes to Business Investment Relief are expected to have a negligible Exchequer cost, as the scheme encourages non-domiciled individuals to bring money into the UK to invest in UK business that would otherwise would have been left offshore.

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