§ Mr. Stephen Rossasked the Chancellor of the Exchequer (1) whether he will ensure that income from holiday lettings continues to be assessed by the Inland Revenue under schedule D. case I, as trading income and not under schedule D, case VI, as unearned income;
(2) whether he intends to take any action as a result of the court decision on the taxing of income from holiday lettings, and, in particular, self-catering establishments; and if he will make a statement;
(3) whether owners of self-catering establishments will continue to be allowed by the Inland Revenue on sale to roll over and retirement relief in respect of any capital gains tax assessment.
§ Mr. RidleyWe are continuing to study the position carefully but I have nothing to add at present to what I said on 14 April—[Vol. 40, c. 1026]—when the matter was raised on Second Reading of the Finance Bill by my hon. Friend the Member for Bridlington (Mr. Townend).