HC Deb 28 July 1976 vol 916 c303W
Mr. Cormack

asked the Chancellor of the Exchequer when he expects to announce his recommendations in respect of taxing works of art as wealth, with special reference to: (a) the restriction or otherwise of a wealth tax to the realisation upon sale of the wealth potential of a work of art and (b) the restriction or otherwise of such a tax charged upon such realisation to genuinely disposable wealth, leaving out of the computation other tax liabilities arising from such an event.

Mr. Denzil Davies

I shall let the hon. Member have a reply as soon as possible.