United Kingdom · Question · Written question
HL HL7153
Farmers: Lump Sum Payments
Introduced
21 March 2022
Last action
31 March 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
31 March 2022
Summary
To ask Her Majesty's Government what is the tax situation regarding the lump sum payments extended through the agriculture regulations.
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Timeline
21 March 2022
Written question
To ask Her Majesty's Government what is the tax situation regarding the lump sum payments extended through the agriculture regulations.
Source: Lords
31 March 2022
Answer
The Government intends to introduce legislation to provide clarity that payments under the Lump Sum Exit Scheme will be treated as capital in nature and will be subject to capital gains tax, or corporation tax in the case of incorporated entities. The exi...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-03-21/HL7153
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1452709
- uk · wq-1452709 · source updated 31 March 2022