HC Deb 06 April 1965 vol 710 c310
310
§
Motion made, and Question,
18. That chargeable gains, defined and computed
in such manner as may be prescribed, from any description
of property in the United Kingdom or elsewhere,
including options, debts and incorporeal property
generally, shall be charged to tax and—
- (a) the chargeable gains as so defined shall
include gains accruing, or treated as accruing. at any time
after 6th April 1965, and gains from property already held
on or before that date, but subject to provisions designed
in general to exclude from charge to tax gains or parts of
gains attributable to periods before that date,
- (b) the provisions prescribing the manner in
which chargeable gains are to be defined and computed
may take account of dispositions, events, facts and
circumstances before the said date, as well as
later,
- (c) the provisions relating to tax on the
chargeable gains—
- (i) may impose incidental or consequential charges to
estate duty, and
- (ii) so far as designed in general to afford relief from
the tax by reference to taxes or duties charged under the
law of any country outside the United Kingdom, may
impose any incidental charges to income tax or the profits
tax.—[Mr.
Callaghan.]
§
put and agreed to.