HC Deb 04 March 1980 vol 980 c144W
Mr. Faulds

asked the Chancellor of the Exchequer whether, pursuant to his written answer to the hon. Member for Warley, East, Official Report, 22 February, c. 377, he will specify the statutory authority for the Commissioners of Inland Revenue to withhold any fraction or percentage of the tax exemption on heritage objects which they have accepted according to law in satisfaction of tax by means of applying to such objects, from 1956 onwards, the computations of an administrative arrangement originally adopted in 1953, following the report of the Waverley committee, for the different purpose of indicating to qualified public purchasers by private treaty sale of tax-exempted works of art the minimum extent to which, in fixing a purchase price, those purchasers ought to make good therein to the vendor some proportion of his tax exemption.

Mr. Peter Rees

I will let the hon. Member have a reply as soon as possible.

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