§ Mr. Edgeasked the Chancellor of the Exchequer whether he has yet reached a decision on the further taxation of development gains which have already accrued to, or been realised by, property companies.
§ Mr. Joel BarnettYes. While no Chancellor can tie his hands indefinitely in this, or any other, taxation matter, my right hon. Friend has decided that having regard to the changed circumstances, and in particular the present state of the property market, measures in addition to the first letting charge are no longer called for to tax the unrealised gains of property companies subsequent to first
460W
France Germany Italy Netherlands Belgium Luxembourg Denmark Irish Republic United Kingdom Road Fuel petrol … 17.6 11 12 16 18 5 15 6.75 10 diesel … 17.6 11 12 4 18 5 15 6.75 10 Coal … 17.6 11 12 4 14 5 15 6.75 Zero Gas … 17.6 11 12 4 6 5 15 6.75 Zero Electricity … 17.6 11 12 16* 14 5 15 6.75 Zero *Plus 3 per cent. levy to finance nuclear power. letting or, of course, any gains realised before 17th December last.