HC Deb 19 December 1986 vol 107 c740W
Mrs. Roe

asked the Chancellor of the Exchequer how many venture capital companies have qualified for tax relief under section 79 of the Finance Act 1972.

Mr. Norman Lamont

Section 79 of the Finance Act 1972 is a tax charging provision relating to gains made by directors and employees on shares acquired by virtue of their employment other than under an approved share scheme. I regret that information is not available as to the number of companies which have directors and employees benefiting from the exemptions from the charge contained in the provision.