§ Mr. Kennedyasked the Chancellor of the Exchequer (1) if he will introduce legislation to provide that payment for quota under the milk supplementary levy (outgoers) scheme may be rolled over for capital gains tax purposes;
(2) whether he will take steps to exempt from capital gains taxation those dairy farmers who successfully apply for the milk supplementary levy (outgoers) scheme.
§ Mr. MoorePayments made under the milk supplementary levy (outgoers) scheme will be liable to either income tax or capital, gains tax. I have noted the hon. Member's suggestions, but I do not think that any departure from the normal rules would be justified.
§ Mr. Kennedyasked the Chancellor of the Exchequer how much he expects to accrue to the Consolidated Fund as a result of the introduction of, and operation of, the milk supplementary levy (outgoers) scheme from capital gains tax payments.