HC Deb 02 February 1976 vol 904 cc455-6W
Mr. Beith

asked the Chancellor of the Exchequer whether capital transfer tax is charged on the transfer of a farm tenancy to a son or other near relative under the procedure in force in Scotland under the Agriculture Acts.

Mr. Denzil Davies,

pursuant to his reply [Official Report, 29th January 1976; Vol. 904, c. 267], gave the following information:

Under the terms of the Agricultural Holdings (Scotland) Act 1949 and amend- ment in sterling and foreign currency outstanding at the dates nearest those requested was as follows:

£ million
End December 1972 5,355
End December 1973 4,639
End December 1974 5,618
End September 1975 5,516
If, however, the hon. Member is interested in the total overseas indebtedness of the United Kingdom then figures are given in the "United Kingdom external assets and liabilities" table of the annual Central Statistical Office's publication "United Kingdom Balance of Payments". The latest available publication covers the period 1964–74. This shows that the surplus of assets over liabilities at end December 1972, end December 1973 and end December 1974 was £6,295 million, £6,000 million and £1,695 million respectively.