§ Mr. Dixonasked the Chancellor of the Exchequer whether he will propose the abolition of the same-day rule for capital gains tax in paragraph 6(1)(b) in Schedule 10 to the Finance Act, 1971, so that where an investor sells securities which he already owns on the same day buys back the same securities, as opposed to securities of the same kind, the investor would, for capital gains tax purposes, be entitled to match the sale price with the original acquisition price.
§ Mr. Maurice MacmillanWe have no proposals for abolishing this provision.