UNIT TRUSTS

HC Deb 14 July 1987 vol 119 c1054

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

Mr. Blair

As I understand it, the clause makes a technical adjustment for unit trusts to ensure that there are no untoward tax consequences for them in running personal pension schemes. I understand that the clause is in the Bill because there is anti-avoidance legislation that could lead to injustice unless the clause is enacted.

Mr. Norman Lamont

indicated assent.

Mr. Blair

I am grateful for that confirmation.

Question put and agreed to.

Clause 40 ordered to stand part of the Bill.

Clauses 41 to 43 ordered to stand part of the Bill.