Business Expansion Scheme (Hansard, 8 March 1995)

HC Deb 08 March 1995 vol 256 c219W 219W

§ Mr. McAllion
To ask the Chancellor of the Exchequer what was(a) the number of new residential lettings created under the business expansion scheme in Scotland for each of the years 1988–89 to 1992–93 inclusive and (b) the cost per dwelling in Scotland of new residential lettings under business expansion scheme in terms of both income tax relief and exemption from capital gains tax.

§ Sir George Young
Available estimates for Scotland are in the table. It is not possible to give a reliable estimate of the cost of exempting gains arising from disposals of BES shares from capital gains tax.

Year Number of BES new lettings Average cost of income tax relief per new letting (£)

1988–89 800 17,000

1989–90 400 21,000

1990–91 100 22,000

1991–92 100 10,000

1992–93¹ 600 20,000

¹ Provisional.

Year	Number of BES new lettings	Average cost of income tax relief per new letting (£)
1988–89	800	17,000
1989–90	400	21,000
1990–91	100	22,000
1991–92	100	10,000
1992–93¹	600	20,000
¹ Provisional.