§ Mr. Cormackasked 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 DaviesI shall let the hon. Member have a reply as soon as possible.