§ Mr. Hindasked the Chancellor of the Exchequer whether he will take steps to prevent the avoidance of stamp duty on company takeovers.
§ Mr. MooreYes. The Government are tabling a new clause to the Finance Bill restricting the stamp duty exemption for renounceable letters of allotment and similar instruments. A Ways and Means resolution is also being tabled. Copies of an Inland Revenue press release giving details of the proposal are being placed in the Library.