Capital Gains Tax (Tenanted Agricultural Land)

HC Deb 29 April 1980 vol 983 cc453-4W

Mr. Morgan

asked the Chancellor of the Exchequer if he will now consider reducing the rate of capital transfer tax on tenanted agricultural land.

Mr. Lawson

In the course of the consultations we held on capital taxation, relief from capital transfer tax for tenanted agricultural land was urged on us by those bodies representing agricultural interests. It is a matter which we shall bear in mind when it proves possible to go further with easing the burden of the tax.