§ Mr. MacShaneTo ask the Chancellor of the Exchequer what was the total tax relief, expressed in terms of revenue lost to public funds in each of the last three years benefiting(a) partners and (b) closed company men. [18174]
§ Mr. JackNo special reliefs are available to individuals in partnerships or to directors or participators in close companies. Information is not available about the total value of reliefs given to these two groups of taxpayers.
§ Mr. MacShaneTo ask the Chancellor of the Exchequer how many individuals declared themselves as partners for the purposes of tax relief in each of the last three years. [18173]
§ Mr. JackAccording to the latest information available from the "Survey of Personal Incomes", the number of individuals regarded as partners for tax purposes was about 1.3 million in 1993–94 and in each of the previous two years. Individuals who carry on business in partnership are not entitled to any tax reliefs other than those they would be entitled to if they were in business on their own account.