COVENANTED PAYMENTS TO CHARITY: INCREASE OF EXEMPTION FOM EXCESS TAX LIABILITY

HC Deb 11 May 1983 vol 42 c827

Question proposed, That the clause stand part of the Bill.

6.30 pm

Mr. Brittan

This clause raises to £5,000 per year the present ceiling of £3,000 for higher rate tax relief for payments made to charities under deeds of covenant. It thus provides substantial assistance to charities over and above all the other measures introduced during the Government's period of office.

Question put and agreed to.

Clause 26 ordered to stand part of the Bill.