HC Deb 20 December 1984 vol 70 c325W
Mr. Forman

asked the Chancellor of the Exchequer whether he has any plans to introduce legislation to amend the capital gains tax rules which apply to assets disposed of in a series of transactions; and whether he will make a statement.

Mr. Moore

Yes. The Board of Inland Revenue has been advised that the relevant legislation (section 151 of the Capital Gains Tax Act 1979) applies only to those transactions which occur within the two-year period preceding the latest transaction in the series. More generally, I am aware of the unsatisfactory nature of the present law and I am examining ways in which this can be resolved.