HC Deb 22 January 1975 vol 884 cc377-8W
Mr. Corrie

asked the Chancellor of the Exchequer if he will make an estimate of the effect on workers and their families who at present are employed in private forestry if the new capital transfer tax proposals become law.

Dr. Gilbert

I do not believe that there is clear evidence that any such effect would be significant. If the hon. Member has any views on this matter which he would like to put to me, I shall consider them carefully.

Mr. David James

asked the Chancellor of the Exchequer what would be the estimated capital taxation on a 100 acre, 250 acre, 500 acre and 1,000 acre mixed arable farm complete with outbuildings, implements and stock, passing from father to son in France, Germany, Italy, Denmark, Holland, Belgium, Luxembourg, and the Republic of Ireland, and in the United Kingdom under the proposed new legislation, respectively.

Mr. Joel Barnett

The capital transfer tax on any property depends on what other transfers have to be taken into account in determining the rate. The information on which to base a comparison with other countries is not readily available.