§ Miss Glenda JacksonTo ask the Secretary of State for Transport what percentage of the track access subsidy paid to a private rail franchise will be tax deductible as a trading expense. [28671]
§ Mr. Watts[holding answer 15 June]: The payment of track access charges by a franchisee to Railtrack will be deductible as a trading expense. The receipt of track access charges by Railtrack will be taxable in Railtrack's hands.