HC Deb 20 February 1990 vol 167 cc691-2W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer how much tax has been(a) assessed and (b) collected from those financial institutions that funded the purchase of major public companies' leasing subsidiaries between 1984–88, in respect of these arrangements.

Mr. Lilley

This information could be provided only at disproportionate cost.

Mr. Nicholas Brown

To ask the Chancellor of the Exchequer what is the policy of the Inland Revenue towards the sale by public companies of their leasing subsidiaries between 1984–88 and towards the scope for tax avoidance afforded the purchaser; and what assessment, in these circumstances, the Inland Revenue makes of the true value of the transaction.

Mr. Lilley

The Inland Revenue examines such transactions to ensure that they are dealt with properly for tax purposes.