asked the Minister for Finance the cost to the Exchequer in terms of tax foregone of the business development scheme.
Written Answers. - Business Development Scheme.
264.
It is assumed that the question relates to the cost of tax relief for investment in corporate trades provided under Chapter III of the Finance Act, 1984. The cost to the Exchequer of the relief allowed in respect of qualifying investments in the years ended 5 April, 1985 and 5 April, 1986 is estimated as follows:
|
Year ended 5 April |
Cost to the Exchequer£ million |
|
1985 |
0.9 |
|
1986 |
2.0 |