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Written question asked by Richard Page (Conservative), in the House of Commons. It was due for an answer on Wednesday, 23 July 1997. It was answered by Baroness Primarolo (Labour) on Wednesday, 23 July 1997 on behalf of the Treasury.


Treasury

Question
What is the estimated revenue loss from the use by British companies of Channel Island trusts to hold shares in long-term executive performance plans.
Answer

Mr. Page: To ask the Chancellor of the Exchequer what is the estimated revenue loss from the use by British companies of Channel Island trusts to hold shares in long-term executive performance plans. [9762] Dawn Primarolo: There are no special tax allowances or exemptions for executives who receive shares under long-term performance plans, whether or not such shares have been held under trust in the Channel Islands.


Secondary information

Type
Written question
Reference
9762; 298 c590W;298 c588W
Session
1997-98
Subjects
Channel Islands Shares Offshore trusts