§ Mr. Jim CunninghamTo ask the Chancellor of the Exchequer (1) what steps he is taking to protect elderly people from tax liabilities arising from gifts made to their children for property purchases; [160501]
(2) what plans he has to levy income tax on gifts between family members. [160502]
§ Dawn PrimaroloThe Government made clear in the pre-Budget report that it intends to combat the use of trust structures and other vehicles used for tax avoidance purposes. It has also made clear that it will not tax legitimate transactions between family members. The details of these proposals have been 99W subject to consultation, and further announcements on how these objectives will be secured will be made in the Budget.