Finance Bill — Clause 72 — Reduction in Rate of Capital Gains Tax — 28 Jun 2016 at 17:15
The majority of MPs voted to reduce the basic rate of capital gains tax by 8%.
MPs were considering the Finance Bill.
The question opposed by the majority of MPs in this vote was:
- That the clause stand part of the Bill.
The clause in question was Clause 72 which was titled Reduction in rate of capital gains tax. The explanatory notes for the clause stated:
- This clause and schedules reduce the basic rate of capital gains tax (CGT) from 18% to 10%, and the 28% rate to 20%, on most gains made by individuals, trustees and personal representatives. It also extends the 10% rate of CGT for gains qualifying for entrepreneurs' relief to include investors' relief.
-  Parliament's webpage on the Finance Bill
-  Clause 72 of the Bill as at the time of the vote
-  Explanatory notes to the Finance Bill
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Con||305 (+2 tell)||0||0||93.0%|
|Lab||0||194 (+2 tell)||0||84.8%|