HC Deb 09 December 1981 vol 14 c408W
Mr. Wolfson

asked the Chancellor of the Exchequer when the draft clauses on the capital transfer tax treatment of discretionary trusts will be published.

Sir Geoffrey Howe

As foreshadowed in my Budget speech I have authorised the Inland Revenue to publish today, for further discussion, draft clauses that set out the basis on which I propose to deal in next year's Finance Bill with the treatment of discretionary trusts for capital transfer tax purposes.