Capital Gains Tax Act 1979

HC Deb 18 March 1983 vol 39 c284W

Mr. Dorrell

asked the Chancellor of the Exchequer whether, in the light of recent judicial criticism, he will bring forward proposals to amend section 13 of the Capital Gains Tax Act 1979.

Mr. Ridley

In practice the relief provided by this section appears to be operating satisfactorily so far. However, I have asked the Inland Revenue to review the position in greater depth in the light of the comments made by the courts. As a result, I am not proposing to amend the provisions in the forthcoming Finance Bill.