§ Lord James Douglas-Hamilton
asked the Chancellor of the Exchequer, with regard to the provisions of the Finance Act 1975, schedule 5, paragraph 14, relating to special rates of capital transfer tax, applicable to certain trusts if varied before 31 March 1979, if the Government are prepared to extend the time limit on account of the inability of certain trusts to proceed for variation in March, due to industrial action by the clerks of council.
§ Mr. Derail Davies
, pursuant to his reply [Official Report, 7 March 1979; Vol. 963, c. 707], gave the following information:
The Board of Inland Revenue will be prepared to extend the time limit as 447W necessary to cover cases where it is satisfied that the distribution could reasonably be expected to have been made by 31 March 1979 if the industrial action had not taken place.