HC Deb 17 June 1941 vol 372 c502W
Mr. A. Edwards

asked the Chancellor of the Exchequer whether he is now prepared to tax all capital profits on the sale of ships, land and property on the same basis as ordinary business profits for both Income Tax and Excess Profits Tax as a special war measure?

Sir K. Wood

No, Sir. As at present advised I am not prepared to propose the special taxation of capital gains arising from the sale of capital assets.