§ Mr. Arthur Lewisasked the Chancellor of the Exchequer whether he is aware of the increase in the number of cases of paintings and other works of art being sold at auctions for sums in excess of £100,000; and if he will seek to amend the provisions of the capital gains tax so that the rate of tax is increased on gains on works of art in excess of £20,000.
§ Mr. TaverneI have noted my hon. Friend's suggestion.