HC Deb 02 July 1975 vol 894 cc453-4W
Mrs. Ann Taylor

asked the Chancellor of the Exchequer what capital gains tax liability would be incurred by a shareholder of a company whose shares are compulsorily acquired under provisions of the Industry Bill or the Aircraft and Shipbuilding Industries Bill.

Mr. Joel Barnett

Where the compensation is paid in cash any gain on dis-

being made to produce some estimates separating invisible transactions with the other members of the EEC from those with the rest of the world. It is hoped to publish the results shortly. Separate figures for earnings from public and private sector interest, profits and dividends and from Government and private services and transfers in 1974 were published in Table D on page 70 of Economic Trends for March 1975. Private services as defined for this purpose do, however, include the substantial overseas earnings of a number of public sector bodies which cannot always be separated from those of private sector bodies operating in the same field. Details of the overseas earnings of the principal groups of commercial activities in 1973 were published in the United Kingdom Balance of Payments 1963–1973. Similar details for 1974 will be published in September.