HL Deb 22 March 1979 vol 399 c1400WA
Lord O'HAGAN

asked Her Majesty's Government:

Whether they will make a comprehensive statement about the liability to tax of beef conversion F.H.D.S. grants.

Lord McCLUSKEY

Grants made under the Farm and Horticultural Development Scheme are given in respect of investments under approved development schemes. The scheme is not directed at encouraging conversion from dairy to beef herds. The noble Lord may have in mind the grants payable under the Dairy Herd Conversion Scheme; a recent decision of the High Court confirmed that these grants are liable to tax as trading receipts.