HC Deb 01 March 1978 vol 945 c268W
Mr. Hooley

asked the Chancellor of the Exchequer what adjustments to the scheme of stock appreciation relief would be required to take full account of the fall in the inflation rate from 25 per cent. to 9.3 per cent.

Mr. Denzil Davies

I do not see the need for any adjustment as stock relief is given on the increase in the book value of a business' stock, less 15 per cent. of the trading profits for the corresponding period. To the extent that the fall in inflation is reflected in small increases in stock values, stock relief will be reduced accordingly.