§ Lord Wakefield of Kendal
asked Her Majesty's Government:
What action is being taken to remove the anomalies at present existing in respect of investment in building societies by (a) pension funds who receive interest payment gross, (b) charitable companies who have to incur administrative expense in reclaiming tax, and (c) charitable trusts who are not allowed to reclaim tax.
§ The Minister of State, Treasury (Lord Cockfield)
It is not proposed at present to alter the existing arrangements, but I have noted the noble Lord's views.