§ Mr. Heddleasked the Chancellor of the Exchequer (1) what proposals his Department has for amending section 54 (1) and section 528 (3) of the Taxes Act 1970 in the light of the tax liabilities on agricultural land owners imposed as a result of the unfair interaction of these sections upon the proceeds of sale by compulsory purchase orders; and if he will make a statement;
(2) what consideration he has given to the recommendations of the Country Landowners Association that tax payable in respect of compulsory purchase interest be limited to the amount which would have been payable had the interest been earned at a prevailing rate of interest over the whole period during which payment of compensation was delayed.
§ Mr. Peter Rees[pursuant to his replies, 27 January 1981, c. 360.]: I have noted my hon. Friend's suggestions.