HC Deb 24 February 1977 vol 926 cc697-8W
Mr. Sainsbury

asked the Chancellor of the Exchequer what were his reasons for stating that recommendation 13.58 of the Bolton Report, that close companies should be allowed to elect, by unanimous decision of the shareholders, to be taxed as partnerships, was impracticable.

Mr. Denzil Davies

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