§ 28. Mr. Evelyn Kingasked the Chancellor of the Exchequer how many countries within the EEC have capital gains tax; and if he will seek to ensure that British tax practice over the years approaches European practice.
§ Mr. Patrick JenkinApart from ourselves only Denmark has a comprehensive capital gains tax. For the rest, capital gains are not taxed at all in the Republic of Ireland, and elsewhere companies' gains are charged to company tax and non-corporate taxpayers pay tax on capital gains arising on business assets and from speculative land transactions. There are no proposals to harmonise capital gains taxes as such.