HC Deb 19 March 1999 vol 327 c642W
Mr. Gibb

To ask the Chancellor of the Exchequer if the children's tax credit allowance will be available for use against investment income. [76657]

Dawn Primarolo

[holding answer 15 March 1999]: The children's tax credit will reduce the income tax liability of the person claiming the credit up to a set amount. In 2001–02, that amount will be £4,160 at 10 per cent. It will be available to be set against income tax due on earnings and on other sources of income.