§ Mr. Evennettasked the Chancellor of the Exchequer if he will consider taking steps to exempt from capital gains tax the proceeds from the sale of small business premises which also contain the owner's only home; and if he will make a statement.
§ Mr. MooreExemption from capital gains tax is already provided in these circumstances for that part of the gain which is apportioned to the owner's only home. I do not think that it would be justifiable to exempt the remainder of this gain, but the normal capital gains tax reliefs for trading assets are available. If my hon. Friend has a particular case in mind perhaps he will send me the details.