HL Deb 20 October 1992 vol 539 cc79-80WA
Lord Houghton of Sowerby

asked Her Majesty's Government:

Whether they will consider bringing tax reliefs to charities closer to actual expenditure on charitable objects by excluding from tax benefits transfers to and income received from capital funds.

The Earl of Caithness

Tax exemption for charities' income is already conditional on the income being applied for charitable purposes. I see no reason why exemption should be withdrawn merely because the income comes from a capital fund. Kingdom; (b) the value of manufactured goods exported from the United Kingdom; (c) the value of manufactured goods imported into the United Kingdom; (d) the value of world trade in manufactured goods; and (c) the average number of persons employed in manufacturing industry in the United Kingdom; showing the figures in (a). (b), (c), and (d) above at constant prices using 1990 as the base, and showing the index used for that purpose.

The Earl of Caithness: The information available is in the table: