The prospect for many is of the inhumanity of bed and breakfasting, and often the misery of sleeping rough, having to sleep out in all weathers, or in cars.
One receives the compound allowance and a greater indexation allowance if one bed and breakfasts every year rather than if one holds for five years without bed and breakfasting.
If bed and breakfasting took place in excess of the exempt allowance, it would have that effect.
I do not accept that that is due to bed and breakfasting.
Bed and breakfasting is a tax dodge, whereby major share owners sell themselves their own shares at a loss, solely for tax purposes.
The provisions make it slightly more expensive because stamp duty and commission will have to be paid on bed and breakfasting.
Moreover, we do not want to abolish bed and breakfasting.
Bed and breakfasting for sheep was one of a number of ways in which dealers moved animals about—ways that do not make any sense.
