§ Mr. Stratton Millsasked the Chancellor of the Exchequer why persons who have lost all or part of the moneys which they have deposited with hire-purchase companies are not able to set off such losses against Capital Gains Tax.
§ Mr. MacDermotBecause under Paragraph 11(1), 7th Schedule, Finance Act, 1965, debts, other than debts on a security, generally speaking, fall outside the scope of the Capital Gains Tax.