§ Mrs. Curtis-ThomasTo ask the Chancellor of the Exchequer if the Government intend to define initial costs incurred as a result of raising equity as a legitimate expense and allow them to be written off against tax. [40250]
§ Dawn PrimaroloThe costs of raising equity finance are treated consistently between taxable profits and commercial accounts—they are not allowed as a deduction against profits because they relate to ownership of the company. The Government have not stated any intention to change this rule.