§ Mr. Cyril Smithasked the Chancellor of the Exchequer if he will make a statement about his intentions, if any, to allow some part of students' living expenses, when paid wholly by their parents, to be counted against that parent's expenses for tax purposes.
§ Mr. Robert SheldonThe income tax system already recognises the expenses borne by parents whilst their children are being educated through the provision
438Wwere allowed only at the basic rate of tax the estimated increase in revenue would be about £80 million. Relief on life assurance premiums is already limited to relief at half the basic rate of tax.