§ 45. Mr. Stratton Millsasked the Chancellor of the Exchequer, if he will lower the rates of Income Tax and Estate Duty and raise the level at which Surtax commences on investment income to coincide with the start of the proposed capital gains tax.
§ Mr. DiamondI cannot anticipate my right hon. Friend's Budget statement.
§ 46. Mr. Stratton Millsasked the Chancellor of the Exchequer what plans he has for setting up special machinery to undertake a comprehensive census of assets, indicating the property of each individual in the United Kingdom and its valuation as at Budget Day 1965.
§ Mr. DiamondI must ask the hon. Member to await my right hon. Friend's legislative proposals which will be introduced in due course.
§ Mr. Wingfield Digbyasked the Chancellor of the Exchequer whether the exemption of an owner-occupier's only or principal residence from capital gains tax will, in the case of a building that is partly a residence and partly a shop, apply to the whole of the building or only to the residential part of it.
§ Mr. MacDermotI must ask the hon. Gentleman to await my right hon. Friend's detailed legislative proposals.