§ Mr. Cormackasked the Chancellor of the Exchequer if he will revise the 831W arrangements set out in the Treasury Note of October 1973 entitled "Private Owners and Public Collections" in the light of the fact that the legislation on which that note was based has been superseded since the enactment of the legislation relating to capital transfer tax.
§ Mr. Joel BarnettThe arrangements described in the Note "Private Owners and Public Collections" apply for capital transfer tax as they do for estate duty. From 13th March 1975 the category of "public collection", to which the arrangements apply, has been extended to cover the bodies listed in paragraph 12 of Schedule 6 to the Finance Act 1975. The Note will be revised in due course.