§ Mr. Maxwell-Hyslopasked the Chancellor of the Exchequer what would be the estimated loss of revenue in a full tax year from a concession whereby spouses who satisfied the Inland Revenue that their separate places of work, being at least 30 miles apart, necessitated separate residences, and on ceasing to fulfil that condition wish to sell their separate residences to purchase one joint residence, were afforded the same concession in respect of capital gains tax as would one spouse under existing tax law when selling the principal residence and expenditure the proceeds on the purchase of another principal residence.
§ Mr. Peter ReesI shall let my hon. Friend have a reply as soon as possible.