§ Mr. Michael Lathamasked the Chancellor of the Exchequer whether he will give an assurance that in no case will there be double taxation, either for companies, trusts, private individuals or partnerships, arising from the interaction of corporation tax, development gains tax under the Finance Act 1974, and the proposed development land tax; and whether he will make a statement on his policy on this matter.
§ Mr. Robert SheldonIt is proposed to issue as soon as possible a statement amplifying the proposals for a development land tax as described in the White Paper "Land" (Cmnd. 5730). I must ask the hon. Member to await that statement.