§ Mr. Barnettasked the Chancellor of the Exchequer whether it is the practice of the Inland Revenue to levy capital gains tax on a house owned by a child and occupied by the child and its parents; and if he will make a statement.
§ Mr. Taverne:A gain accruing to an individual, irrespective of age, on the disposal of a dwelling-house which has been his only or main residence throughout his ownership is exempt from capital gains tax. If my hon. Friend has a particular case in mind and would like to write to me about it, I will look into it.