HC Deb 04 February 1983 vol 36 c221W
Mr. Horam

asked the Chancellor of the Exchequer what would be the cost to the Exchequer of (a) allowing stock relief for the first £2,000,(b) allowing training costs to be set against any tax payable under schedule D base 1 or 11 assessment rather than against profits, (c) allowing capital expenditure similarly and (d) extending the industrial building allowance to all business premises.

Mr. Ridley

[pursuant to his reply, 31 January 1983, c. 19]: The estimated costs are as follows:

  1. (a) About £30 million in a full year at present income levels.
  2. (b) and (c) I regret that sufficiently reliable estimates are not available; but the cost of (c) would be very large.
  3. (d) About £500 million to £700 million in a full year at present income levels, but the cost could increase considerably if profit levels improve.