HC Deb 03 November 1966 vol 735 cc172-3W
Mr. Stratton Mills

asked the Chancellor of the Exchequer if, when an individual sells shares in an investment trust giving rise to a chargeable profit for capital gains tax, he will arrange for the Inland Revenue in all cases to remind the taxpayer of the relief due to him due to the Capital Gains Tax paid already by the investment trust and apportioned to his benefit.

Mr. Diamond

Inspectors of Taxes have already been instructed to ask taxpayers who dispose of a material holding of shares in an approved Investment Trust to confirm that they have added to their original acquisition cost the net gains apportioned to the shares by the Trust.

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