HL Deb 14 May 1990 vol 519 c147WA
The Earl of Kimberley

asked Her Majesty's Government:

Whether, when a budget includes the withdrawal of a tax relief, it is normal practice to grant relief to taxpayers who qualified for it before Budget Day.

The Earl of Caithness

In general, eligibility for tax relief depends on when the event giving rise to the relief occurs. It follows that if a relief is withdrawn with effect from Budget Day, relief will not normally be given in respect of events (such as the disposal of an asset chargeable to capital gains tax) which take place on or after Budget Day.