HC Deb 17 May 1976 vol 911 cc1140-3 'Where on a capital transfer a liability to capital gains tax arises in respect of the same assets the tax shall not exceed the liability for charge to capital transfer tax or to capital gains tax whichever is the greater.'—[Mr. David Mitchell.]

Brought up, and read the First time.

Question put, That the clause be read a Second time:—

The Committee divided: Ayes 162, Noes 169.

McCusker, H. Penhaligon, David Speed, Keith
Macfarlane, Nell Percival, Ian Spicer, Michael (S Worcester)
Marten, Neil Peyton, Rt Hon John Stanbrook, Ivor
Maude, Angus Powell, Rt Hon J. Enoch Steel, David (Roxburgh)
Maxwell-Hyslop, Robin Price, David (Eastleigh) Steen, Anthony (Wavertree)
Mayhew, Patrick Prior, Rt Hon James Stradling Thomas, J.
Meyer, Sir Anthony Pym, Rt Hon Francis Tapsell, Peter
Miller, Hal (Bromsgrove) Ralhbone, Tim Taylor, Teddy (Cathcart)
Mills, Peter Rees, Peter (Dover & Deal) Temple-Morris, Peter
Mitchell, David (Basingstoke) Rees-Davies, W. R. Thomas, Rt Hon P. (Hendon S)
Moate, Roger Renton, Rt Hon Sir D. (Hunts) Thompson, George
Molyneaux, James Renton, Tim (Mid-Sussex) Tugendhat, Christopher
Monro, Hector Rhys Williams, Sir Brandon Wakeham, John
Moore, John (Croydon C) Rippon, Rt Hon Geoffrey Walder, David (Clitheroe)
More, Jasper (Ludlow) Roberts, Michael (Cardiff, NW) Walters, Dennis
Morrison, Charles (Devizes) Roberts, Wyn (Conway) Weatherill, Bernard
Morrison, Hon Peter (Chester) Ross, William (Londonderry) Whitelaw, Rt Hon William
Mudd, David Rossi, Hugh (Hornsey) Wiggin, Jerry
Nelson, Anthony Sainsbury, Tim Wigley, Dafydd
Newton, Tony Shelton, William (Streatham) Winterton, Nicholas
Normanton, Tom Shepherd, Colin Wood, Rt Hon Richard
Nott, John Shersby, Michael Young, Sir G. (Ealing, Acton)
Oppenhelm, Mrs Sally Silvester, Fred Younger, Hon George
Osborn, John Sims, Roger
Page, John (Harrow West) Sinclair, Sir George TELLERS FOR THE AYES:
Page, Rt Hon R. Graham (Crosby) Skeet, T. H. H. Mr. John Corrie and
Pardoe, John Smith, Dudley (Warwick) Mr Carol Mather.
Parkinson, Cecil
NOES
Anderson, Donald Fletcher, Raymond (Ilkeston) Molloy, William
Archer, Peter Fletcher, Ted (Darlington) Morris, Charles R. (Openshaw)
Armstrong, Ernest Foot, Rt Hon Michael Moyle, Roland
Atkins, Ronald (Preston N) Ford, Ben Noble, Mike
Barnett, Rt Hon Joel (Heywood) Forrester, John Ogden, Eric
Bates, Alf George, Bruce O'Halloran, Michael
Bean, R. E. Gilbert, Dr John Ovenden, John
Bennett, Andrew (Stockport N) Ginsburg, David Palmer, Arthur
Bidwell, Sydney Golding, John Park, George
Bishop, E. S. Gould, Bryan Parry, Robert
Blenkinsop, Arthur Graham, Ted Pavitt, Laurie
Boardman, H. Grocott, Bruce Pendry, Tom
Bottomley, Rt Hon Arthur Hamilton, James (Bothwell) Phipps, Dr Colin
Boyden, James (Bish Auck) Harper, Joseph Prescott, John
Bray, Dr Jeremy Harrison, Walter (Wakefield) Price, William (Rugby)
Brown, Hugh D (Provan) Hart, Rt Hon Judith Radice, Giles
Brown, Robert C. (Newcastle W) Horam, John Richardson, Miss Jo
Brown, Ronald (Hackney S) Howell, Rt Hon Denis Roberts, Albert (Normanton)
Buchan, Norman Huckfield, Les Robinson, Geoffrey
Buchanan, Richard Hughes, Robert (Aberdeen N) Roderick, Caerwyn
Campbell, Ian Irvine, Rt Hon Sir A. (Edge Hill) Rooker, J. W.
Canavan, Dennis Irving, Rt Hon S. (Dartford) Roper, John
Carmichael, Neil Jackson, Colin (Brighouse) Ross, Rt Hon W. (Kilmarnock)
Clemitson, Ivor Jackson, Miss Margaret (Lincoln) Rowlands, Ted
Cocks, Michael (Bristol S) Jay, Rt Hon Douglas Sandelson, Neville
Cohen, Stanley Johnson, James (Hull West) Sedgemore, Brian
Coleman, Donald Johnson, Walter (Derby S) Shaw, Arnold (Ilford South)
Colquhoun, Ms Maureen Jones, Barry (East Flint) Sheldon, Robert (Ashton-u-Lyne)
Concannon, J. D. Judd, Frank Short, Rt Hon E. (Newcastle C)
Conlan, Bernard Kilroy-Silk, Robert Sillars, James
Craigen, J. M. (Maryhill) Lamond, James Silverman, Julius
Crawshaw, Richard Latham, Arthur (Paddington) Skinner, Dennis
Cronin, John Lewis, Arthur (Newham N) Small, William
Crosland, Rt Hon Anthony Loyden, Eddie Smith, John (N Lanarkshire)
Cunningham, G. (Islington S) Luard, Evan Snape, Peter
Cunningham, Dr J (Whiteh) McCartney, Hugh Spearing, Nigel
Davidson, Arthur McElhone, Frank Spriggs, Leslie
Davies, Bryan (Enfield N) MacFarquhar, Roderick Stallard, A. W.
Davis, Clinton (Hackney C) McGuire, Michael (Ince) Stoddart, David
Deakins, Eric Mackenzie, Gregor Stott, Roger
Dean, Joseph (Leeds West) Mackintosh, John P. Strang, Gavin
Dempsey, James McMillan, Tom (Glasgow C) Taylor, Mrs. Ann (Bolton W)
Doig, Peter McNamara, Kevin Thomas, Ron (Bristol NW)
Dormand, J. D. Madden, Max Thorne, Stan (Preston South)
Duffy, A. E. P. Magee, Bryan Tierney, Sydney
Eadie, Alex Marquand, David Tinn, James
Ellis, John (Bragg & Scun) Marshall, Dr Edmund (Goole) Torney, Tom
Ellis, Tom (Wrexham) Maynard, Miss Joan Wainwright, Edwin (Dearne V)
Ennals, David Mendelson, John Walden, Brian (B'ham, L'dyw'd)
Evans, loan (Aberdare) Miller, Dr M. S. (E Kilbride) Walker, Harold (Doncaster)
Ewing, Harry (Stirling) Miller, Mrs Millie (IIford N) Walker, Terry (Kingswood)
Faulds, Andrew Mitchell, R. C. (Soton, Itchen) Ward, Michael
Fernyhough, Rt Hon E.
Watkins, David Wilson, Alexander (Hamilton) Woof, Robert
White, James (Pollok) Wilson, Rt Hon H. (Huyton) Young, David (Bolton E)
Whitlock, William Wilson, William (Coventry SE)
Williams, Alan (Swansea W) Wise, Mrs Audrey TELLERS FOR THE NOES.
Williams, Sir Thomas Woodall, Alec Mr. Frank R. White and
Mr. Thomas Cox.

Question accordingly negatived.

Bill (Clauses 14, 21, 24, 26, 27, 48, 52 and 64) reported, without amendment; to lie upon the Table.