§ Mr. Faulds
asked the Chancellor of the Exchequer whether he will instruct the Capital Taxes Office to withdraw the requirement for beneficiaries and executors seeking exemption from capital transfer tax on works of art and books of national importance to complete Treasury form No. 700A, bearing in mind the importance of preventing the export of works of art and books of national importance from leaving the United Kingdom.
§ Mr. Denzil Davies
The purpose of the form is to enable people to claim exemption from capital transfer tax and capital gains tax on works of art and other national heritage property which is to be kept in the United Kingdom and I see no reason to withdraw it.