§ Mr. William Clarkasked the Chancellor of the Exchequer (1) with regard to the exemption of small gifts for capital gains tax, if he intends to increase the amount to £323 to give the same current purchasing power as the £100 had in 1965 when the exemption limit was last altered; and, if so, when;
(2) with regard to the exemption of sale of a chattel for capital gains tax up to £1,000, if he intends to increase the amount to £3,227 to give the same current 503W purchasing power as the £1,000 had in 1965 when the exemption limit was last altered; and, if so, when.
§ Mr. Denzil DaviesI cannot anticipate my right hon. Friend's Budget Statement.