§ Mr. Nicholas Bakerasked the Chancellor of the Exchequer if he is in a position to clarify the nature of the legislation which he proposes with regard to furnished holiday lettings; and whether or not roll-over relief is to apply to holiday dwellings.
§ Mr. MooreWith my approval, the Inland Revenue is publishing draft legislation on this subject today. As my hon. Friend will see from this, holiday lettings will qualify for capital gains roll-over relief under these proposals.