§ 20. Mr. Peter Morrison
asked the Minister of Agriculture, Fisheries and Food if he will make a statement on the effects of capital transfer taxation on agricultural production in the United Kingdom.445W
§ Mr. Bishop
The full effects will not be felt for some years, and it is too soon to reach definite conclusions. I would not expect the tax to have any measurable effect on agricultural production in the light of reliefs and exemptions which have been made available, together with those proposed in the current Finance Bill.