§ Mr. Peter Reesasked the Chancellor of the Exchequer what premises have so far been acquired and at what capital cost or at what annual rent for the administration of the wealth tax which he proposes to introduce.
§ Mr. Denzil DaviesThe Property Services Agency has so far entered into commitments for the leasing of seven buildings at some of the locations listed in the Chief Secretary's statement of 20th May 1975 at which it is planned to administer both capital transfer tax and wealth tax—[Vol. 892, c. 334–5]. In addition, a building is being constructed at Plymouth. When these buildings become available their total capital cost and annual rent, attributable to the wealth tax, will amount of £2.5 million and £0.6 million respectively. Negotiations are continuing at the remaining locations.