§ Mr. Heddleasked the Chancellor of the Exchequer whether his Department will examine methods of allowing owners of agricultural land who let their land where economic and land management considerations make this desirable (a) to a reduction of the level of investment income surcharge on agricultural land that is let, (b) to capital gains tax roll-over relief, (c) to retirement relief where up to £50,000 of gains is exempt from tax and (d) to the recovery of VAT on the cost of repairs on land which is let; and if he will make a statement.
§ Mr. Peter Rees[pursuant to his reply, 27 January 1981, c. 360]: I have noted my hon. Friend's views on the tax reliefs needed to encourage owners of agricultural land to let it and will bear these in mind.