Young Married Couples (Taxation Relief)

HC Deb 04 May 1965 vol 711 cc1099-100

24. Mr. Rose

asked the Chancellor of the Exchequer whether he will explore methods of affording special taxation relief to young couples in the very early stages of married life.

Mr. MacDermot

I doubt whether there are sufficient reasons for a special concession in these cases.

Mr. Rose

Will my hon. and learned Friend bear in mind that this is the period in life when one has to face the most expense and when income is at its lowest, and will he bear in mind this section of the community for future tax concessions?

Mr. MacDermot

I am not sure that that is universally true. Other taxpayers often have exceptional expenditure to meet and it is right to point out that our Income Tax law already gives favourable treatment in the first year of marriage, particularly when the wife goes on working.

Mr. Gresham Cooke

Would the hon. and learned Gentleman consider giving some special taxation relief to young couples until the building society rate comes down to 3 per cent.?

Mr. MacDermot

No, Sir.