§ Mr. Charles Morrisonasked the Chancellor of the Exchequer if he is now in a position to make a statement on the outcome of discussions with the Horse and Pony Taxation Committee on the subject of capital transfer tax on studs.
§ Mr. MooreI am aware of the considerable concern that has arisen because of uncertainty over the treatment of stud farms for capital transfer tax purposes. To remove these doubts, a new clause is being introduced into the Finance Bill, which will make it clear that agricultural relief is available.