§ Mr. John Fraserasked the Chancellor of the Exchequer if he will, without hindering arrangements which are not entered into merely to avoid stamp duty, propose amendments to the law to deal with the practice of avoiding stamp duty by the granting of an agreement for a lease which is later surrendered to the grantee under a conveyance or transfer and where the only purpose of the agreement is to avoid duty; and if he will make a statement.
§ Mr. MooreMy right hon. Friend's attention has been drawn to the practice to which the hon. Member refers. The Inland Revenue is considering legal advice on the effect of the practice on the duty payable on a conveyance or transfer of an interest in land.