§ Mr. Gregory
asked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of assessing income from the letting of self-catering facilities under schedule D case 1, rather than the present schedule D case 6; and if he will make a statement.
§ Mr. Moore
[pursuant to his reply, 5 December 1983, c. 26]: I assume that my hon. Friend is referring to self-catering holiday accommodation. It was announced on 6 July—[Vol. 45, c. 361]—that the Government intend to introduce legislation in the 1984 Finance Bill to extend certain capital gains tax reliefs and earned income treatment to proprietors of furnished holiday lettings. The cost of taxing this activity under schedule D case I might be of the order of £10 million a year.