§ Mrs. Roeasked the Chancellor of the Exchequer how many venture capital companies have qualified for tax relief under section 79 of the Finance Act 1972.
§ Mr. Norman LamontSection 79 of the Finance Act 1972 is a tax charging provision relating to gains made by directors and employees on shares acquired by virtue of their employment other than under an approved share scheme. I regret that information is not available as to the number of companies which have directors and employees benefiting from the exemptions from the charge contained in the provision.